Plan Snapshot
- Plan Sponsor: Bright Eyes Employees LLC
- Sponsor EIN: 464582416
- Sponsor Address: 4725 ARCADIA DR STE 175, FREDERICK, MD, 21703
- Plan Type: 401(k)
- Total Participants: 189
- Total Assets: $2.9M
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 | 189 | $2.9M | $113,693 | $143,056 |
| 2023 | 244 | $2.4M | $122,427 | $152,906 |
| 2022 | 141 | $2.0M | $107,875 | $150,681 |
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 |
|---|---|---|---|---|
| PENAN & SCOTT | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $22,634 | $12,074 | $10,560 | — | — |
| 2023 | $20,840 | $3,508 | $17,332 | — | — |
| 2022 | $19,571 | — | — | — | — |