Plan Snapshot
- Plan Sponsor: Bethany Christian Services, INC.
- Sponsor EIN: 381405282
- Sponsor Address: 901 EASTERN AVE, NE, GRAND RAPIDS, MI, 495031201
- Plan Type: 403(b)
- Plan Number: 002
- Total Participants: 2,189
- Total Assets: $73.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 2,189 | $73.6M | $0 | $0 |
| 2024 | 1,812 | $64.6M | $2.8M | $5.3M |
| 2023 | 1,847 | $58.1M | $2.5M | $5.0M |
| 2022 | 1,735 | $48.6M | $2.3M | $4.7M |
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 |
|---|---|---|---|---|
| EMPOWER ADIVSORY GROUP, LLC | Other Service Provider | $276,521 | — | $276,521 |
| EMPOWER ANNUITY INSURANCE CO. | Other Service Provider | $35,578 | — | $35,578 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $312,099
- Estimated Expense Ratio: 0.424% 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 |
|---|---|---|---|---|---|
| 2025 | $11,341,271 | $276,521 | — | — | — |
| 2024 | $281,285 | $14,250 | — | — | — |
| 2023 | $232,500 | $13,427 | — | — | — |
| 2022 | $210,582 | $84,278 | $126,304 | — | — |