Plan Snapshot
- Plan Sponsor: Belt Power, LLC
- Sponsor EIN: 260572271
- Sponsor Address: 2197 CANTON RD STE 208, MARIETTA, GA, 30066
- Plan Type: 401(k)
- Total Participants: 372
- Total Assets: $23.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 372 | $23.6M | $1.1M | $2.1M |
| 2023 | 274 | $18.2M | $1.0M | $1.7M |
| 2022 | 177 | $13.0M | $457,106 | $931,950 |
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 |
|---|---|---|---|---|
| NORTHWESTERN MUTUAL WEALTH MANAGEME | SERVICE PROVIDER | — | $53,301 | $53,301 |
| VOYA RETIREMENT ADVISORS, LLC | SERVICE PROVIDER | $11,943 | — | $11,943 |
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | $9,082 | $3 | $9,085 |
| BROWN & ASSOCIATES, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NORTHWESTERN MUTUAL WEALTH MANAGEME — SERVICE PROVIDER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $74,329
- Estimated Expense Ratio: 0.315% 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 | $21,025 | $11,950 | $7,275 | — | — |
| 2023 | $15,153 | $9,803 | $4,350 | — | — |
| 2022 | $10,940 | — | — | — | — |