Plan Snapshot
- Plan Sponsor: Fratelli Beretta Usa, INC.
- Sponsor EIN: 223545086
- Sponsor Address: 750 CLARK DRIVE, MOUNT OLIVE, NJ, 07828
- Plan Type: 401(k)
- Total Participants: 181
- Total Assets: $7.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 181 | $7.3M | $288,892 | $464,569 |
| 2023 | 202 | $6.1M | $302,931 | $465,235 |
| 2022 | 188 | $5.0M | $314,251 | $478,569 |
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 |
|---|---|---|---|---|
| BUCHBINDER TUNICK & COMPANY LLP | 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 | $7,480 | — | — | — | — |
| 2023 | $6,157 | — | — | — | — |
| 2022 | $5,825 | — | — | — | — |