Plan Snapshot
- Plan Sponsor: Binsons Hospital Supplies, INC.
- Sponsor EIN: 382236525
- Sponsor Address: 26834 LAWRENCE, CENTER LINE, MI, 48015
- Plan Type: 401(k)
- Total Participants: 705
- Total Assets: $10.3M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 705 | $10.3M | $0 | $960,844 |
| 2023 | 694 | $8.8M | $0 | $842,686 |
| 2022 | 752 | $7.2M | $0 | $747,506 |
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 |
|---|---|---|---|---|
| POLK AND ASSOCIATES P.L.C. | Auditor | — | — | $0 |
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 | $46,507 | $23,193 | — | — | — |
| 2023 | $25,791 | — | — | — | — |
| 2022 | $24,870 | — | — | — | — |