Plan Snapshot
- Plan Sponsor: Bmw Of North America LLC
- Sponsor EIN: 222139469
- Sponsor Address: P.O. BOX 1227, WESTWOOD, NJ, 076751227
- Plan Type: DB
- Total Participants: 1,313
- Total Assets: $693.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,313 | $693.0M | $0 | $0 |
| 2023 | 1,381 | $720.6M | $0 | $0 |
| 2022 | 1,442 | $697.2M | $37.0M | $0 |
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 |
|---|---|---|---|---|
| AON CONSULTING INC. | NONE | $1,009,836 | — | $1,009,836 |
| JP MORGAN CHASE BANK, N.A | NONE | $334,132 | — | $334,132 |
| HOLLAND & KNIGHT | NONE | $272,968 | — | $272,968 |
| CROWE LLP | NONE | $28,299 | — | $28,299 |
| POLSINELLI PC | NONE | $16,169 | — | $16,169 |
| M&T BANK | NONE | $7,490 | — | $7,490 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AON CONSULTING INC. — NONE
- JP MORGAN CHASE BANK, N.A — NONE
- POLSINELLI PC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,668,894
- Estimated Expense Ratio: 0.241% 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 | $1,798,458 | — | $7,490 | $28,299 | — |
| 2023 | $1,430,041 | — | — | $22,274 | — |
| 2022 | $7,044,013 | — | — | — | $3,676,959 |