# Bouma Group, INC. 401(k) Plan
Source: https://planprovider.pro/companies/bouma-group-inc-201562907-001

> Bouma Group, INC.'s 401(k) plan: 194 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Bouma Group, INC.

- **Sponsor EIN:** 201562907

- **Sponsor Address:** 4101 ROGER B CHAFFEE BLVD SE, GRAND RAPIDS, MI, 495483443

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

- **Plan Number:** 001

- **Total Participants:** 194

- **Total Assets:** $31.4M

## 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|194|$31.4M|$919,644|$1.0M|

| 2023|205|$31.8M|$888,759|$1.0M|

| 2022|200|$27.2M|$748,655|$990,981|

## 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|Recordkeeper|$113,219|—|$113,219|

| STIFEL, NICOLAUS AND COMPANY|Investment Advisor|—|$42,500|$42,500|

| BOUMA CORPORATION|Other Service Provider|—|$17,261|$17,261|

### Verified Provider Profiles

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

- [STIFEL, NICOLAUS AND COMPANY](https://planprovider.pro/provider/stifel-nicolaus-and-company-incorporated) — Investment Advisor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $172,980

- **Estimated Expense Ratio:** 0.551% 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|$113,219|—|$113,219|—|—|

| 2023|$110,609|—|$110,609|—|—|

| 2022|$116,989|—|$116,989|—|—|

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