Plan Snapshot
- Plan Sponsor: The Bms Enterprises, LLC
- Sponsor EIN: 751463179
- Sponsor Address: 5718 AIRPORT FREEWAY, HALTOM CITY, TX, 76117
- Plan Type: 401(k)
- Total Participants: 1,030
- Total Assets: $22.1M
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 | 1,030 | $22.1M | $0 | $1.7M |
| 2023 | 893 | $19.4M | $0 | $1.6M |
| 2022 | 828 | $16.9M | $0 | $1.4M |
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 |
|---|---|---|---|---|
| ALERUS FINANCIAL, N.A. | NONE | $64,362 | — | $64,362 |
| ALERUS INVESTMENT ADVISORS, INC. | NONE | $21,825 | — | $21,825 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALERUS FINANCIAL, N.A. — NONE
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $86,187
- Estimated Expense Ratio: 0.391% 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 | $86,187 | $21,825 | $47,830 | — | — |
| 2023 | $86,721 | $67,218 | — | — | — |
| 2022 | $74,258 | $21,968 | — | — | — |