Plan Snapshot
- Plan Sponsor: Best Supply, INC.
- Sponsor EIN: 311562857
- Sponsor Address: 33999 MELINZ PARKWAY, EASTLAKE, OH, 44095
- Plan Type: 401(k)
- Total Participants: 326
- Total Assets: $7.8M
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 | 326 | $7.8M | $74,744 | $1.0M |
| 2023 | 246 | $6.3M | $103,127 | $828,098 |
| 2022 | 243 | $4.7M | $77,549 | $761,640 |
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 | $31,922 | — | $31,922 |
| MARCUM WEALTH LLC | ADVISOR | $20,149 | — | $20,149 |
| CIUNI AND PANICHI, INC. | Auditor | — | — | $0 |
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: $52,071
- Estimated Expense Ratio: 0.668% 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 | $52,071 | $20,149 | — | — | — |
| 2023 | $47,911 | $19,814 | — | — | — |
| 2022 | $39,272 | — | — | — | — |