# Bonset America Corporation 401(k) Plan
Source: https://planprovider.pro/companies/bonset-america-corporation-401k-plan

> Bonset America Corporation's 401(k) plan: 115 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/pbmares-llp) — 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|—|—|

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