# Beneficial State Bancorp, INC. 401(k) Plan
Source: https://planprovider.pro/companies/beneficial-state-bancorp-inc-plan

> Beneficial State Bancorp, INC.'s 401(k) plan: 259 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|

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