Plan Snapshot
- Plan Sponsor: Bayshore Transportation System, INC.
- Sponsor EIN: 510117053
- Sponsor Address: 901 DAWSON DRIVE, NEWARK, DE, 19713
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 61
- Total Assets: $237,882
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 | 61 | $237,882 | $0 | $0 |
| 2024 | 60 | $394,862 | $952,893 | $199,800 |
| 2023 | 147 | $234,390 | $1.1M | $235,742 |
| 2022 | 90 | $82,368 | $992,164 | $259,920 |
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 | $59,031 | — | $59,031 |
| HIGHMARK OF DELAWARE | Other Service Provider | $15,083 | — | $15,083 |
| WEINER BENEFITS GROUP | Investment Advisor | $14,500 | — | $14,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $88,614
- Estimated Expense Ratio: 37.251% 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 | $1,252,664 | — | — | — | — |
| 2024 | $982,091 | — | — | — | — |
| 2023 | $1,066,438 | — | — | — | — |
| 2022 | $1,244,827 | — | — | — | — |