Plan Snapshot
- Plan Sponsor: Bering Straits Native Corporation
- Sponsor EIN: 920042240
- Sponsor Address: 3301 C ST., STE 100, ANCHORAGE, AK, 995033958
- Plan Type: 401(k)
- Total Participants: 2,357
- Total Assets: $108.8M
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 | 2,357 | $108.8M | $5.3M | $9.5M |
| 2023 | 1,952 | $89.8M | $4.4M | $8.1M |
| 2022 | 1,660 | $70.0M | $4.1M | $7.1M |
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 |
|---|---|---|---|---|
| CLARK NUBER | Auditor | $42,900 | — | $42,900 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $42,900
- Estimated Expense Ratio: 0.039% 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 | $385,827 | $42,626 | $300,301 | $42,900 | — |
| 2023 | $333,173 | $50,648 | $242,625 | $39,900 | — |
| 2022 | $332,135 | $64,608 | $228,755 | — | $38,772 |