Plan Snapshot
- Plan Sponsor: Beneficial State Bancorp, INC.
- Sponsor EIN: 205619288
- Sponsor Address: 1438 WEBSTER STREET, OAKLAND, CA, 94612
- Plan Type: 401(k)
- Total Participants: 259
- Total Assets: $25.5M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 259 | $25.5M | $1.3M | $2.0M |
| 2023 | 266 | $20.7M | $1.1M | $1.8M |
| 2022 | 230 | $15.4M | $898,035 | $1.5M |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | RECORD-KEEPER | $12,976 | — | $12,976 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $12,976
- Estimated Expense Ratio: 0.051% 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 | $12,976 | — | $4,270 | — | — |
| 2023 | $19,769 | — | $10,499 | — | — |
| 2022 | $12,937 | — | $12,937 | — | — |