# The Bernick Companies 401(k) Plan
Source: https://planprovider.pro/companies/the-bernick-companies-401k-plan

> The Bernick Companies's 401(k) plan: 668 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** The Bernick Companies

- **Sponsor EIN:** 410149440

- **Sponsor Address:** PO BOX 7008, ST. CLOUD, MN, 56302

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

- **Total Participants:** 668

- **Total Assets:** $64.3M

## 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|668|$64.3M|$1.0M|$3.1M|

| 2023|643|$55.7M|$994,754|$2.9M|

| 2022|607|$47.7M|$904,135|$2.7M|

## 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|

| RBC WEALTH MANAGEMENT|ADVISOR|$114,932|—|$114,932|

| FIDELITY INVESTMENTS INSTITUTIONAL|RECORDKEEPER|$110,388|—|$110,388|

| LB CARLSON, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [RBC WEALTH MANAGEMENT](https://planprovider.pro/provider/royal-bank-of-canada) — ADVISOR

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [LB CARLSON, LLP](https://planprovider.pro/provider/lb-carlson-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $225,320

- **Estimated Expense Ratio:** 0.351% 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|$225,320|$114,932|$1,200|—|—|

| 2023|$160,711|$74,627|—|—|—|

| 2022|$196,927|—|—|—|—|

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