# Beverly Farm Foundation INC. 401(k) Plan
Source: https://planprovider.pro/companies/beverly-farm-foundation-inc-401k-plan

> Beverly Farm Foundation INC.'s 401(k) plan: 241 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Beverly Farm Foundation INC.

- **Sponsor EIN:** 370765971

- **Sponsor Address:** 6301 HUMBERT ROAD, GODFREY, IL, 62035

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

- **Total Participants:** 241

- **Total Assets:** $3.2M

## 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|241|$3.2M|$120,000|$102,245|

| 2023|207|$3.9M|$120,000|$114,283|

| 2022|238|$3.5M|$120,000|$91,322|

## 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|

| ALERUS FINANCIAL, N.A.|NONE|$28,140|—|$28,140|

| SCHEFFEL & COMPANY P.C.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [ALERUS FINANCIAL, N.A.](https://planprovider.pro/provider/intellicents-inc) — NONE

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $28,140

- **Estimated Expense Ratio:** 0.872% 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|$28,140|—|$22,323|—|—|

| 2023|$25,932|—|$21,702|—|—|

| 2022|$31,072|$31,072|—|—|—|

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