Plan Snapshot
- Plan Sponsor: Bloomberg Industry Group, INC.
- Sponsor EIN: 530040540
- Sponsor Address: 1801 S BELL ST, ARLINGTON, VA, 222024519
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 2,276
- Total Assets: $493.3M
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. |
|---|---|---|---|---|
| 2025 | 2,276 | $493.3M | $0 | $0 |
| 2024 | 1,267 | $447.0M | $10.7M | $15.8M |
| 2023 | 1,753 | $408.0M | $10.1M | $14.7M |
| 2022 | 1,263 | $362.6M | $8.9M | $12.8M |
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 ANNUITY INSURANCE COMPANY O | Other Service Provider | $67,100 | — | $67,100 |
| EMPOWER ADVISORY GROUP, LLC | Other Service Provider | $19,815 | — | $19,815 |
| SAGEVIEW ADVISORY GROUP, LLC | Other Service Provider | $19,250 | — | $19,250 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $106,165
- Estimated Expense Ratio: 0.022% 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 |
|---|---|---|---|---|---|
| 2025 | $52,428,324 | $39,065 | — | — | — |
| 2024 | $152,667 | $64,104 | — | $20,173 | — |
| 2023 | $153,242 | $4,587 | — | — | — |
| 2022 | $107,939 | $52,013 | $10,751 | — | $31,000 |