Plan Snapshot
- Plan Sponsor: Bering Air, INC.
- Sponsor EIN: 920073342
- Sponsor Address: PO BOX 1650, NOME, AK, 997621650
- Plan Type: 401(k)
- Total Participants: 169
- Total Assets: $15.6M
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. |
|---|---|---|---|---|
| 2024 | 169 | $15.6M | $339,777 | $1.7M |
| 2023 | 211 | $12.3M | $274,972 | $1.4M |
| 2022 | 187 | $10.3M | $119,361 | $1.0M |
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 |
|---|---|---|---|---|
| CBIZ CPAS P.C. | Auditor | — | — | $0 |
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 | $91,711 | $35,899 | — | — | — |
| 2023 | $70,219 | $26,217 | — | — | — |
| 2022 | $53,606 | — | $53,606 | — | — |