Plan Snapshot
- Plan Sponsor: Banko Beverage
- Sponsor EIN: 231649848
- Sponsor Address: 5001 CRACKERSPORT ROAD, ALLENTOWN, PA, 18104
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 75
- Total Assets: $125,506
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 | 75 | $125,506 | $0 | $0 |
| 2024 | 76 | $53,193 | $720,749 | $60,240 |
| 2023 | 76 | $1,173 | $198,220 | $18,000 |
| 2022 | 79 | $41,015 | $574,814 | $49,775 |
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 | Investment Advisor | $45,757 | — | $45,757 |
| POWER-KUNKLE GROUP, INC | Investment Advisor | $18,045 | — | $18,045 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $63,802
- Estimated Expense Ratio: 50.836% 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 | $934,780 | — | — | — | — |
| 2024 | $736,035 | — | — | — | — |
| 2023 | $241,938 | — | — | — | — |
| 2022 | $719,303 | — | — | — | — |