Plan Snapshot
- Plan Sponsor: Binswanger Enterprises, LLC
- Sponsor EIN: 452494902
- Sponsor Address: 340 S HOLLYWOOD STREET, MEMPHIS, TN, 381045939
- Plan Type: 401(k)
- Total Participants: 570
- Total Assets: $22.4M
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 | 570 | $22.4M | $425,696 | $2.1M |
| 2023 | 594 | $21.2M | $396,848 | $1.9M |
| 2022 | 593 | $20.0M | $435,155 | $2.1M |
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 | CONTRACT ADMINISTRATOR | $140,958 | — | $140,958 |
| CREATIVE PLANNING, INC. | INVESTMENT ADVISORY | — | $42,077 | $42,077 |
| CBIZ CPAS P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CREATIVE PLANNING, INC. — INVESTMENT ADVISORY
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $183,035
- Estimated Expense Ratio: 0.817% 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 | $140,958 | — | $140,958 | — | — |
| 2023 | $134,634 | — | $133,769 | $865 | — |
| 2022 | $154,546 | — | $154,546 | — | — |