Plan Snapshot
- Plan Sponsor: Bingaman & Son Lumber, INC.
- Sponsor EIN: 231694390
- Sponsor Address: 1195 CREEK MOUNTAIN ROAD, KREAMER, PA, 178330247
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 212
- Total Assets: $20.6M
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. |
|---|---|---|---|---|
| 2025 | 212 | $20.6M | $0 | $0 |
| 2024 | 199 | $19.4M | $206,741 | $802,121 |
| 2023 | 200 | $18.1M | $205,501 | $745,297 |
| 2022 | 191 | $15.9M | $216,834 | $772,040 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $90,128 | — | $90,128 |
| MML INVESTORS SERVICES LLC | Investment Advisor | — | $39,458 | $39,458 |
| BROWN PLUS | Other Service Provider | — | $13,851 | $13,851 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $143,437
- Estimated Expense Ratio: 0.697% 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 | $2,574,046 | — | $90,128 | — | — |
| 2024 | $85,070 | — | $85,070 | — | — |
| 2023 | $77,609 | $74,285 | — | — | — |
| 2022 | $84,186 | $84,186 | — | — | — |