Plan Snapshot
- Plan Sponsor: Biotek America LLC D/B/A Freedom Plasma
- Sponsor EIN: 871829236
- Sponsor Address: 1430 E SOUTHLAKE BLVD, SOUTHLAKE, TX, 760926580
- Plan Type: 401(k)
- Total Participants: 170
- Total Assets: $1.6M
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 | 170 | $1.6M | $481,081 | $969,861 |
| 2023 | 701 | $2.1M | $613,632 | $1.1M |
| 2022 | 307 | $443,339 | $169,129 | $294,639 |
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 | $40,063 | — | $40,063 |
| VISIONPOINT ADVISORY GROUP LLC | Investment Advisor | $7,212 | $28 | $7,240 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $47,303
- Estimated Expense Ratio: 3.006% 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 | $47,275 | $7,212 | $40,063 | — | — |
| 2023 | $21,205 | $3,062 | $18,143 | — | — |
| 2022 | $3,330 | $57 | $3,273 | — | — |