Bouma Group, Inc. Retirement Plan — Form 5500 plan (Bouma Group, Inc.)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Bouma Group, Inc. Retirement Plan is a benefit plan reported by Bouma Group, Inc. under EIN 20-1562907 and plan number 001. The latest loaded filing year is 2023. The filing reports 295 participants and $31,831,586 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$31.8MPlan net assets, end of year$31,831,586
Participants295Covered participants reported
Assets / participant$107.9KComputed: assets ÷ participants$107,904 (computed)
Provider compensation$159.9K3 Schedule C provider row(s)$159,856
Plan sponsor
Bouma Group, Inc.
EIN
20-1562907
Plan number
001
Plan type
3
Location
Grand Rapids, MI
Latest filing year
2023
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    295 participants · 3Sch HSch C
    View filing →
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$31.8M total assets
Net assets$31.8MLiabilities$0
Money in vs. money out
Total income / additions$6.1M
Total expenses$1.5M
Benefits paid / distributions$1.4M
Contributions
Employer$888.8K
Participant$1M
Full reported line items

Net assets

Total assets (EOY)
$31,831,586
Total liabilities (EOY)
$0
Net assets (EOY)
$31,831,586
Net assets (BOY)
$27,225,228

Income & contributions

Employer contributions
$888,759
Participant contributions
$1,033,229
Total contributions
$1,929,066
Total income / additions
$6,073,373

Expenses & distributions

Benefits paid
$1,356,406
Administrative expenses
$110,609
Total expenses
$1,467,015
Net increase / (decrease)
$4,606,358
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 46%Participant 54%
Total expenses ÷ net assets5%Computed ratio
Benefits paid ÷ total income22%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    CONTRACT ADMINISTRATOR · Direct $110.6K · Indirect $0
  2. 2
    INVESTMENT ADVISORY · Direct $0 · Indirect $42.5K
  3. 3
    OTHER SERVICES · Direct $0 · Indirect $6.7K

Related Form 5500 pages