Plan Snapshot
- Plan Sponsor: North American Security, INC.
- Sponsor EIN: 954502871
- Sponsor Address: 1701 S. KELLY AVENUE, EDMOND, OK, 73013
- Plan Type: Health & Welfare
- Plan Number: 505
- Total Participants: 198
- Total Assets: $61,047
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 198 | $61,047 | $361,336 | $0 |
| 2023 | 250 | $69,198 | $390,259 | $0 |
| 2022 | 198 | $75,424 | $217,635 | $0 |
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 |
|---|---|---|---|---|
| BOON ADMINISTRATIVE SERVICES | Other Service Provider | $154,361 | $45,959 | $200,320 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $200,320
- Estimated Expense Ratio: 328.141% 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 | $28,739 | — | $8,675 | — | — |
| 2023 | $27,431 | — | $9,880 | — | — |
| 2022 | $12,308 | — | $8,920 | — | — |