Plan Snapshot
- Plan Sponsor: Boman & Kemp Mfg INC
- Sponsor EIN: 870636779
- Sponsor Address: 2393 S 1900 W, OGDEN, UT, 844090725
- Plan Type: DC
- Total Participants: 148
- Total Assets: $43.0M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 148 | $43.0M | $2.5M | $833,277 |
| 2023 | 149 | $37.1M | $677,489 | $806,344 |
| 2022 | 150 | $31.6M | $1.4M | $773,329 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $103,572 | — | $103,572 |
| GLOBAL RETIREMENT PARTNERS LLC | INVESTMENT ADVISORY | — | $38,313 | $38,313 |
| HBME, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — INVESTMENT ADVISORY
- HBME, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $141,885
- Estimated Expense Ratio: 0.330% 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 | $103,573 | — | $103,573 | — | — |
| 2023 | $86,723 | — | $86,723 | — | — |
| 2022 | $80,021 | — | $80,021 | — | — |