Plan Snapshot
- Plan Sponsor: Bloem LLC
- Sponsor EIN: 454690080
- Sponsor Address: 5940 TAHOE DRIVE SE, GRAND RAPIDS, MI, 49546
- Plan Type: 401(k)
- Total Participants: 127
- Total Assets: $4.5M
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 | $4.5M | $258,426 | $409,777 |
| 2023 | 110 | $3.8M | $265,305 | $370,622 |
| 2022 | 159 | $3.2M | $286,831 | $417,355 |
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 |
|---|---|---|---|---|
| RINGO & ASSOCIATES PC CPAS | 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 | $25,345 | — | $25,345 | — | — |
| 2023 | $22,242 | — | $22,242 | — | — |
| 2022 | $26,932 | — | $26,932 | — | — |