# Rbc Ministries Dba Our Daily Bread Ministries 401(k) Plan
Source: https://planprovider.pro/companies/rbc-ministries-dba-our-daily-bread-ministries-401k-plan

> Rbc Ministries Dba Our Daily Bread Ministries's 401(k) plan: 274 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Rbc Ministries Dba Our Daily Bread Ministries

- **Sponsor EIN:** 381613981

- **Sponsor Address:** 3000 KRAFT AVENUE, GRAND RAPIDS, MI, 495122024

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

- **Total Participants:** 274

- **Total Assets:** $29.8M

## 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|274|$29.8M|$721,637|$2.1M|

| 2023|266|$27.5M|$691,565|$1.9M|

| 2022|281|$24.3M|$680,620|$1.8M|

## 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|CONTRACT ADMINISTRATOR|$95,642|—|$95,642|

| LPL FINANCIAL LLC - RPCP|INVESTMENT ADVISORY|—|$62,471|$62,471|

| WATKINS ROSS & CO|OTHER SERVICES|—|$9,703|$9,703|

| CAPIN CROUSE LLC|Auditor|—|—|$0|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $167,816

- **Estimated Expense Ratio:** 0.564% 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|$95,643|—|$95,643|—|—|

| 2023|$83,233|—|$83,233|—|—|

| 2022|$89,191|—|$88,791|—|$400|

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