# Bestpass INC 401(k) Plan
Source: https://planprovider.pro/companies/bestpass-inc-401k-plan

> Bestpass INC&#39;s 401(k) plan: 315 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Bestpass INC

- **Sponsor EIN:** 364535141

- **Sponsor Address:** 500 NEW KARNER ROAD, ALBANY, NY, 122053857

- **Plan Type:** 401(k)

- **Total Participants:** 315

- **Total Assets:** $17.4M

## 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|315|$17.4M|$1.3M|$2.2M|

| 2023|286|$9.7M|$739,183|$1.3M|

| 2022|138|$6.9M|$579,139|$979,656|

## 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|

| STRATEGIC PENSION SERVICES LLC|TPA|$12,470|—|$12,470|

| LUTZ, SELIG & ZERONDA, CPAS, L.L.P.|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $12,470

- **Estimated Expense Ratio:** 0.072% 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|$22,426|—|—|—|—|

| 2023|$15,528|—|$1,051|—|—|

| 2022|$16,338|—|—|—|—|

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