# Bobit Business Media INC. 401(k) Plan
Source: https://planprovider.pro/companies/bobit-business-media-inc-401k-plan

> Bobit Business Media INC.&#39;s 401(k) plan: 82 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Bobit Business Media INC.

- **Sponsor EIN:** 832273126

- **Sponsor Address:** PO BOX 2703, TORRANCE, CA, 90509

- **Plan Type:** 401(k)

- **Total Participants:** 82

- **Total Assets:** $22.0M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **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|82|$22.0M|$207,125|$768,201|

| 2023|87|$19.2M|$181,534|$847,600|

| 2022|97|$17.3M|$145,677|$791,839|

## 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|

| WARREN AVERETT,LLC|Auditor|$12,455|—|$12,455|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [WARREN AVERETT,LLC](https://planprovider.pro/provider/warren-averett-llc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $12,455

- **Estimated Expense Ratio:** 0.057% 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|$16,264|$2,909|—|$12,455|—|

| 2023|$13,834|$1,659|—|$11,500|—|

| 2022|$20,395|$864|—|—|—|

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