Plan Snapshot
- Plan Sponsor: Bancroft Construction Company, INC.
- Sponsor EIN: 510246121
- Sponsor Address: 1300 GRANT AVENUE STE 101, WILMINGTON, DE, 19806
- Plan Type: Health & Welfare
- Plan Number: 521
- Total Participants: 115
- Total Assets: $248,578
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 | 115 | $248,578 | $1.2M | $144,542 |
| 2023 | 114 | $67,226 | $1.1M | $111,664 |
| 2022 | 104 | $37,549 | $762,532 | $265,112 |
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 |
|---|---|---|---|---|
| WEINER BENEFITS GROUP | Investment Advisor | $36,720 | — | $36,720 |
| THE BENECON GROUP, LLC | Investment Advisor | $26,058 | — | $26,058 |
| HIGHMARK OF DELAWARE | Other Service Provider | $21,066 | — | $21,066 |
| CONNECTCARE3 | Other Service Provider | $7,358 | — | $7,358 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,202
- Estimated Expense Ratio: 36.689% 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 | $1,174,618 | — | — | — | — |
| 2023 | $1,115,935 | — | — | — | — |
| 2022 | $1,167,705 | — | — | — | — |