Plan Snapshot
- Plan Sponsor: Bescast, INC.
- Sponsor EIN: 340877046
- Sponsor Address: 4600 EAST 355TH STREET, WILLOUGHBY, OH, 44094
- Plan Type: 401(k)
- Total Participants: 206
- Total Assets: $8.4M
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 | 206 | $8.4M | $205,639 | $670,876 |
| 2023 | 168 | $7.9M | $174,098 | $573,295 |
| 2022 | 144 | $7.3M | $148,424 | $503,233 |
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 | $26,094 | — | $26,094 |
| MARCUM WEALTH LLC | Investment Advisor | $19,728 | — | $19,728 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $45,822
- Estimated Expense Ratio: 0.544% 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 | $45,822 | $19,728 | — | — | — |
| 2023 | $43,886 | $18,800 | — | — | — |
| 2022 | $44,977 | — | — | — | — |