# Biomedical Research Models, INC 401(k) Plan
Source: https://planprovider.pro/companies/biomedical-research-models-inc-401k-plan

> Biomedical Research Models, INC's 401(k) plan: 168 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Biomedical Research Models, INC

- **Sponsor EIN:** 043338250

- **Sponsor Address:** 57 UNION STREET, WORCESTER, MA, 01608

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

- **Total Participants:** 168

- **Total Assets:** $9.7M

## 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|168|$9.7M|$630,716|$1.1M|

| 2023|170|$7.1M|$563,600|$940,874|

| 2022|157|$4.9M|$499,650|$856,850|

## 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|

| GLOBAL RETIREMENT PARTNERS|INVESTMENT/FINANCIAL ADVI|$37,754|—|$37,754|

| BOLLUS LYNCH LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [GLOBAL RETIREMENT PARTNERS](https://planprovider.pro/provider/global-retirement-partners-llc) — INVESTMENT/FINANCIAL ADVI

- [BOLLUS LYNCH LLP](https://planprovider.pro/provider/bollus-lynch-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $37,754

- **Estimated Expense Ratio:** 0.388% 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|$41,749|$37,754|—|—|—|

| 2023|$29,454|$27,034|—|—|—|

| 2022|$25,216|—|—|—|—|

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