Plan Snapshot
- Plan Sponsor: Bennett Aerospace, INC.
- Sponsor EIN: 272591941
- Sponsor Address: ONE GLENWOOD AVE, CARY, NC, 27603
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2023 | 0 | $0 | $147,905 | $794,461 |
| 2022 | 214 | $5.6M | $159,922 | $835,753 |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $26,264 | — | $26,264 |
| GALLAGHER FIDUCIARY ADVISORS LLC | ADVISOR | $6,832 | — | $6,832 |
| KESTRA INVESTMENT SERVICES LLC | ADVISOR | $6,747 | — | $6,747 |
| MPCOMPANY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- GALLAGHER FIDUCIARY ADVISORS LLC — ADVISOR
- KESTRA INVESTMENT SERVICES LLC — ADVISOR
- MPCOMPANY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,843
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 |
|---|---|---|---|---|---|
| 2023 | $40,689 | $16,394 | — | — | — |
| 2022 | $41,973 | $2,132 | — | — | — |