# Binex 401(k) Plan
Source: https://planprovider.pro/companies/binex-401k-plan

> Binex's 401(k) plan: 128 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Binex

- **Sponsor EIN:** 954514848

- **Sponsor Address:** 19515 S VERMONT AVENUE, TORRANCE, CA, 90502

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

- **Total Participants:** 128

- **Total Assets:** $12.9M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **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.|

| 2024|128|$12.9M|$276,199|$830,027|

| 2023|112|$10.6M|$732,356|$996,187|

| 2022|135|$7.6M|$609,571|$830,254|

## 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|

| ALLMERITS ASSET, LLC|INVESTMENT/FINANCIAL ADVI|$49,677|—|$49,677|

| KIM & LEE LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [ALLMERITS ASSET, LLC](https://planprovider.pro/provider/allmerits) — INVESTMENT/FINANCIAL ADVI

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $49,677

- **Estimated Expense Ratio:** 0.385% 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|$51,472|$49,677|—|—|—|

| 2023|$28,337|$26,747|—|—|—|

| 2022|$31,534|—|—|—|—|

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