Plan Snapshot
- Plan Sponsor: Bgm Group, LLC
- Sponsor EIN: 411421691
- Sponsor Address: 7900 INTERNATIONAL DR., BLOOMINGTON, MN, 55425
- Plan Type: 401(k)
- Total Participants: 153
- Total Assets: $30.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 153 | $30.1M | $1.0M | $1.3M |
| 2023 | 146 | $25.3M | $967,262 | $1.1M |
| 2022 | 138 | $22.2M | $906,485 | $990,446 |
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 |
|---|---|---|---|---|
| SELDEN FOX, LTD. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SELDEN FOX, LTD. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $140,083 | $113,217 | — | — | — |
| 2023 | $120,556 | $98,008 | — | — | — |
| 2022 | $100,043 | $38 | — | — | — |