Plan Snapshot
- Plan Sponsor: Bmw Of North America, LLC
- Sponsor EIN: 222139469
- Sponsor Address: 300 CHESTNUT RIDGE ROAD, WOODCLIFF LAKE, NJ, 07677
- Plan Type: 401(k)
- Total Participants: 12,867
- Total Assets: $2.3B
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 | 12,867 | $2.3B | $97.8M | $87.8M |
| 2023 | 12,934 | $2.0B | $88.3M | $79.0M |
| 2022 | 12,280 | $1.6B | $81.2M | $74.4M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $703,419 | — | $703,419 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $680,753 | — | $680,753 |
| AON INVESTMENTS USA INC. | Investment Advisor | $122,700 | — | $122,700 |
| HOLLAND & KNIGHT LLP | ERISA Attorney | $60,443 | — | $60,443 |
| AON CONSULTING, INC. | Actuary | $35,000 | — | $35,000 |
| CROWE LLP | Auditor | $33,518 | — | $33,518 |
| POLSINELLI | ERISA Attorney | $17,550 | — | $17,550 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
- STRATEGIC ADVISORS, INC. — Investment Advisor
- HOLLAND & KNIGHT LLP — ERISA Attorney
- AON CONSULTING, INC. — Actuary
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,653,383
- Estimated Expense Ratio: 0.071% 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 | $2,527,820 | $1,513,134 | $12,000 | $68,518 | — |
| 2023 | $2,424,736 | $1,406,101 | $9,000 | $51,706 | — |
| 2022 | $2,345,129 | $1,320,055 | — | — | — |