Bearing & Drive Solutions 401(K) Retirement Plan — Form 5500 plan (Bearings & Drives Unlimited, 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, Bearing & Drive Solutions 401(K) Retirement Plan is a benefit plan reported by Bearings & Drives Unlimited, Inc. under EIN 27-2245260 and plan number 001. The latest loaded filing year is 2023. The filing reports 297 participants and $27,658,938 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Bearings & Drives Unlimited, Inc.
- EIN
- 27-2245260
- Plan number
- 001
- Plan type
- 3
- Location
- Souderton, PA
- Latest filing year
- 2023
- Participants
- 297
- End-of-year plan assets
- $27,658,938
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 297 | H, C | 20240812085254NAL0009220609001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $27,658,938
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $27,658,938
- Net assets (BOY)
- $18,089,728
Income & contributions
- Employer contributions
- $628,029
- Participant contributions
- $1,236,192
- Total contributions
- $1,964,894
- Total income / additions
- $5,225,222
Expenses & distributions
- Benefits paid
- $726,154
- Administrative expenses
- $73,345
- Total expenses
- $799,499
- Net increase / (decrease)
- $4,425,723
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Compass Ion Advisors, LLC | REGISTERED INV ADVISOR | $51,782 | not reported in the loaded dataset | 2023 |
| The Paragon Alliance Group, LLC | THIRD PARTY ADMINISTRATO | $2,999 | $0 | 2023 |
| John Hancock Trust Company LLC | RECORDKEEPER | $2,162 | not reported in the loaded dataset | 2023 |
| John Hancock Life Ins. Company | RECORDKEEPER | $1,849 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Bearings & Drives Unlimited, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in PA
- 401(k) and benefit plan filings in Souderton, PA
- Compass Ion Advisors, LLC — Schedule C compensation
- The Paragon Alliance Group, LLC — Schedule C compensation
- John Hancock Trust Company LLC — Schedule C compensation
- John Hancock Life Ins. Company — Schedule C compensation