Plan Snapshot
- Plan Sponsor: Aquaflow Pump & Supply Company
- Sponsor EIN: 510115581
- Sponsor Address: 1561 PULASKI HIGHWAY PO BOX 98, BEAR, DE, 19701
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 81
- Total Assets: $142,407
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. |
|---|---|---|---|---|
| 2025 | 81 | $142,407 | $0 | $0 |
| 2024 | 85 | $328,652 | $1.9M | $177,062 |
| 2023 | 75 | $221,249 | $1.5M | $132,924 |
| 2022 | 66 | $31,029 | $93,226 | $8,475 |
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 |
|---|---|---|---|---|
| THE BENECON GROUP, LLC | Investment Advisor | $120,393 | — | $120,393 |
| IFS BENEFITS, LLC | Investment Advisor | $48,225 | — | $48,225 |
| HIGHMARK OF DELAWARE | Other Service Provider | $12,111 | — | $12,111 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $180,729
- Estimated Expense Ratio: 126.910% 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 |
|---|---|---|---|---|---|
| 2025 | $2,319,609 | — | — | — | — |
| 2024 | $1,868,942 | — | — | — | — |
| 2023 | $1,901,238 | — | — | — | — |
| 2022 | -$110,239 | — | — | — | — |