Plan Snapshot
- Plan Sponsor: Benesys, INC.
- Sponsor EIN: 382383171
- Sponsor Address: 700 TOWER DRIVE, SUITE 300, TROY, MI, 48098
- Plan Type: 401(k)
- Total Participants: 727
- Total Assets: $70.1M
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 | 727 | $70.1M | $1.2M | $4.1M |
| 2023 | 717 | $58.6M | $1.1M | $3.9M |
| 2022 | 699 | $49.5M | $1.0M | $3.4M |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | SERVICE PROVIDER | — | $71,123 | $71,123 |
| ASCENSUS C/O FUTUREPLAN | THIRD PARTY ADMIN | — | $30,729 | $30,729 |
| ASCENSUS LLC | SERVICE PROVIDER | $11,073 | — | $11,073 |
| BULTYNCK CO PLLC | SERVICE PROVIDER | $9,750 | — | $9,750 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — SERVICE PROVIDER
- ASCENSUS LLC — SERVICE PROVIDER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $122,675
- Estimated Expense Ratio: 0.175% 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 | $131,991 | $20,823 | $107,763 | — | — |
| 2023 | $107,720 | — | $107,720 | — | — |
| 2022 | $89,046 | — | $89,046 | — | — |