Plan Snapshot
- Plan Sponsor: Bissell INC.
- Sponsor EIN: 380352410
- Sponsor Address: 2345 WALKER AVENUE NW, GRAND RAPIDS, MI, 49544
- Plan Type: 401(k)
- Total Participants: 909
- Total Assets: $144.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 909 | $144.4M | $5.0M | $8.5M |
| 2023 | 857 | $125.0M | $4.2M | $7.3M |
| 2022 | 835 | $108.1M | $4.3M | $7.3M |
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 |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | NONE | $53,562 | — | $53,562 |
| VANDER PLOEG BERGAAKER & ASSOCIATES | NONE | $10,750 | — | $10,750 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $64,312
- Estimated Expense Ratio: 0.045% 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 | $68,013 | $54,241 | — | $10,750 | — |
| 2023 | $68,704 | — | $12,643 | $9,970 | — |
| 2022 | $60,594 | $47,963 | $312 | — | $9,275 |