Plan Snapshot
- Plan Sponsor: Black Pearl Educational Services, LLC
- Sponsor EIN: 814286951
- Sponsor Address: 6500 BYRON CENTER AVE, SUITE 200, BYRON CENTER, MI, 49315
- Plan Type: 401(k)
- Total Participants: 139
- Total Assets: $14.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 139 | $14.3M | $536,778 | $426,687 |
| 2023 | 153 | $12.5M | $464,924 | $397,884 |
| 2022 | 133 | $12.2M | $449,861 | $402,200 |
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 |
|---|---|---|---|---|
| MEYAARD TOLMAN & VENLET, P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $72,615 | $5,436 | $67,179 | — | — |
| 2023 | $73,358 | $5,047 | $68,311 | — | — |
| 2022 | $81,663 | $5,141 | $76,522 | — | — |