Plan Snapshot
- Plan Sponsor: Actionaids, INC. Dba Action Wellness
- Sponsor EIN: 232446355
- Sponsor Address: 1216 ARCH ST FL 6, PHILADELPHIA, PA, 191072835
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 89
- Total Assets: $181,582
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 | 89 | $181,582 | $1.1M | $136,877 |
| 2023 | 100 | $279,587 | $1.1M | $156,358 |
| 2022 | 100 | $157,053 | $991,091 | $155,250 |
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 |
|---|---|---|---|---|
| PATRIOT (EXUDE, INC) | Investment Advisor | $34,691 | — | $34,691 |
| THE BENECON GROUP, LLC | Investment Advisor | $19,205 | — | $19,205 |
| INDEPENDENCE ADMINSTRATORS | Other Service Provider | $8,563 | — | $8,563 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,459
- Estimated Expense Ratio: 34.397% 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 | $1,112,212 | — | — | — | — |
| 2023 | $1,315,060 | — | — | — | — |
| 2022 | $1,127,975 | — | — | — | — |