Plan Snapshot
- Plan Sponsor: Betacom INC
- Sponsor EIN: 650255494
- Sponsor Address: 9331 E FOWLER AVENUE, THONOTOSASSA, FL, 33592
- Plan Type: 401(k)
- Total Participants: 289
- Total Assets: $7.5M
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 | 289 | $7.5M | $473,214 | $881,085 |
| 2023 | 313 | $6.2M | $568,730 | $1.2M |
| 2022 | 341 | $5.1M | $511,165 | $1.1M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | RECORD KEEPER | $27,206 | $93 | $27,299 |
| WELLS FARGO CLEARING SERVICES, LLC | SERVICE PROVIDER | — | $9,869 | $9,869 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WELLS FARGO CLEARING SERVICES, LLC — SERVICE PROVIDER
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $37,168
- Estimated Expense Ratio: 0.496% 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 | $31,116 | $3,807 | $26,209 | — | — |
| 2023 | $25,051 | $3,169 | $20,232 | — | — |
| 2022 | $22,176 | — | — | — | — |