Plan Snapshot
- Plan Sponsor: The Blossman Companies, INC.
- Sponsor EIN: 640674945
- Sponsor Address: P.O. DRAWER 1110, OCEAN SPRINGS, MS, 395661110
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 821
- Total Assets: $809,219
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 | 821 | $809,219 | $10.1M | $2.5M |
| 2023 | 810 | $663,461 | $9.6M | $2.3M |
| 2022 | 734 | $2.1M | $7.0M | $2.2M |
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 |
|---|---|---|---|---|
| UMR, INC. | Other Service Provider | $761,550 | $57,247 | $818,797 |
| HUB INT'L MIDWEST LIMITED | Investment Advisor | $105,874 | — | $105,874 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $924,671
- Estimated Expense Ratio: 114.267% 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 | $583,181 | — | $583,181 | — | — |
| 2023 | $582,068 | — | $582,068 | — | — |
| 2022 | $567,020 | — | $567,020 | — | — |