Plan Snapshot
- Plan Sponsor: Belimed, INC.
- Sponsor EIN: 650213127
- Sponsor Address: 8351 PALMETTO COMMERCE PKWY, LADSON, SC, 29456
- Plan Type: 401(k)
- Total Participants: 234
- Total Assets: $17.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 234 | $17.6M | $562,537 | $1.6M |
| 2023 | 222 | $16.9M | $538,525 | $1.6M |
| 2022 | 232 | $15.7M | $498,000 | $1.4M |
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 |
|---|---|---|---|---|
| OSAIC WEALTH INC | Investment Advisor | $43,272 | — | $43,272 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $19,116 | — | $19,116 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $10,790 | — | $10,790 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $73,178
- Estimated Expense Ratio: 0.415% 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 | $73,177 | $54,061 | — | — | — |
| 2023 | $67,756 | $50,244 | — | — | — |
| 2022 | $67,408 | $48,828 | $18,580 | — | — |