Plan Snapshot
- Plan Sponsor: Bhi Energy Services LLC
- Sponsor EIN: 853926225
- Sponsor Address: 141 LONGWATER DR, NORWELL, MA, 02061
- Plan Type: 401(k)
- Total Participants: 770
- Total Assets: $129.4M
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 | 770 | $129.4M | $484,320 | $4,006 |
| 2023 | 4,114 | $130.8M | $364,151 | $9.7M |
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 |
|---|---|---|---|---|
| BRITT & COMPANY CPA LLC | Auditor | $22,000 | — | $22,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $22,000
- Estimated Expense Ratio: 0.017% 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 | $14,470 | $62,500 | — | $22,000 | — |
| 2023 | -$70,106 | — | $600 | $22,000 | — |