Plan Snapshot
- Plan Sponsor: Bonset America Corporation
- Sponsor EIN: 561645992
- Sponsor Address: 6107 CORPORATE PARK DR., BROWN SUMMIT, NC, 272149700
- Plan Type: 401(k)
- Total Participants: 115
- Total Assets: $21.9M
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. |
|---|---|---|---|---|
| 2024 | 115 | $21.9M | $433,901 | $758,132 |
| 2023 | 120 | $21.4M | $474,111 | $811,737 |
| 2022 | 137 | $19.9M | $472,862 | $786,400 |
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 |
|---|---|---|---|---|
| PB MARES | Auditor | $43,417 | — | $43,417 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PB MARES — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,417
- Estimated Expense Ratio: 0.198% 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 | $84,318 | $25,435 | — | $43,417 | — |
| 2023 | $47,187 | $21,057 | — | — | — |
| 2022 | $66,774 | $59,675 | $7,003 | — | — |