Plan Snapshot
- Plan Sponsor: Bedford Industries, INC.
- Sponsor EIN: 460379341
- Sponsor Address: 1659 ROWE AVENUE, WORTHINGTON, MN, 56187
- Plan Type: 401(k)
- Total Participants: 364
- Total Assets: $71.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 364 | $71.3M | $2.0M | $1.6M |
| 2023 | 407 | $68.5M | $1.5M | $1.6M |
| 2022 | 407 | $59.9M | $1.1M | $1.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| INTELLICENTS INVESTMENT SOLUTIONS | NONE | $94,071 | — | $94,071 |
| EIDE BAILLY, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- INTELLICENTS INVESTMENT SOLUTIONS — NONE
- EIDE BAILLY, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $94,071
- Estimated Expense Ratio: 0.132% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $94,371 | $94,071 | — | — | — |
| 2023 | $92,657 | $92,582 | — | — | — |
| 2022 | $95,482 | $94,957 | — | — | — |