Plan Snapshot
- Plan Sponsor: Bismarck Motor Company
- Sponsor EIN: 275012653
- Sponsor Address: 1100 NE 57TH AVENUE, BISMARCK, ND, 585036304
- Plan Type: 401(k)
- Total Participants: 127
- Total Assets: $9.6M
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. |
|---|---|---|---|---|
| 2024 | 127 | $9.6M | $262,336 | $489,217 |
| 2023 | 123 | $7.8M | $259,181 | $462,399 |
| 2022 | 130 | $6.2M | $238,897 | $427,518 |
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 |
|---|---|---|---|---|
| BRAVERA WEALTH | TRUSTEE/RECORDKEEPER | $55,658 | — | $55,658 |
| BRADY MARTZ & ASSOCIATES P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BRADY MARTZ & ASSOCIATES P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,658
- Estimated Expense Ratio: 0.581% 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 | $55,658 | — | $55,658 | — | — |
| 2023 | $47,909 | — | $47,909 | — | — |
| 2022 | $46,166 | — | $46,166 | — | — |