Plan Snapshot
- Plan Sponsor: Beneficent Technology, INC.
- Sponsor EIN: 770555413
- Sponsor Address: 3790 EL CAMINO REAL, PALO ALTO, CA, 94306
- Plan Type: 401(k)
- Total Participants: 59
- Total Assets: $7.5M
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 | 59 | $7.5M | $112,162 | $560,989 |
| 2023 | 59 | $7.1M | $130,296 | $507,649 |
| 2022 | 69 | $7.9M | $134,828 | $706,311 |
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 |
|---|---|---|---|---|
| LEE CPA AUDIT GROUP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEE CPA AUDIT GROUP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $1,321,577 | — | $12,974 | — | — |
| 2023 | $2,506,225 | — | $11,672 | — | — |
| 2022 | $38,579 | — | — | — | — |