Plan Snapshot
- Plan Sponsor: Berner Food & Beverage, LLC
- Sponsor EIN: 362839626
- Sponsor Address: 2034 E FACTORY RD, DAKOTA, IL, 61018
- Plan Type: 401(k)
- Total Participants: 681
- Total Assets: $12.3M
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 | 681 | $12.3M | $652,896 | $1.1M |
| 2023 | 733 | $10.8M | $591,001 | $1.0M |
| 2022 | 890 | $8.8M | $392,597 | $892,304 |
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 |
|---|---|---|---|---|
| SAVANT CAPITAL, LLC | NONE | $68,583 | — | $68,583 |
| PCS RETIREMENT, LLC | NONE | $28,079 | — | $28,079 |
| RSM US LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SAVANT CAPITAL, LLC — NONE
- PCS RETIREMENT, LLC — NONE
- RSM US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $96,662
- Estimated Expense Ratio: 0.783% 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 | $96,662 | $68,583 | — | — | — |
| 2023 | $81,196 | $56,339 | — | — | — |
| 2022 | $83,856 | — | $83,856 | — | — |