Plan Snapshot
- Plan Sponsor: Team Bibp, LLC
- Sponsor EIN: 832359123
- Sponsor Address: 2300 RESOURCE DRIVE, BIRMINGHAM, AL, 35242
- Plan Type: 401(k)
- Total Participants: 299
- Total Assets: $12.5M
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 | 299 | $12.5M | $112,207 | $576,315 |
| 2023 | 276 | $11.0M | $86,284 | $502,324 |
| 2022 | 268 | $9.4M | $106,769 | $503,312 |
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 |
|---|---|---|---|---|
| WARREN AVERETT | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WARREN AVERETT — Auditor
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 | $22,853 | $1,173 | — | — | — |
| 2023 | $25,524 | $270 | — | — | — |
| 2022 | $24,914 | $18,825 | $5,989 | — | — |