Plan Snapshot
- Plan Sponsor: Benedictine School For Exceptional Children
- Sponsor EIN: 520787237
- Sponsor Address: 14299 BENEDICTINE LANE RIDGELY MD 2, RIDGELY, MD, 21660
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 332
- Total Assets: $1.0M
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 | 332 | $1.0M | $2.4M | $585,476 |
| 2023 | 294 | $570,525 | $1.9M | $653,518 |
| 2022 | 268 | $298,012 | $1.5M | $565,021 |
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 |
|---|---|---|---|---|
| CAREFIRST | Other Service Provider | $89,346 | — | $89,346 |
| ACRISURE, LLC DBA TARPEY GROUP | Investment Advisor | $72,930 | — | $72,930 |
| THE BENECON GROUP | Investment Advisor | $36,376 | — | $36,376 |
| CONNECTCARE3 | Other Service Provider | $11,867 | — | $11,867 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $210,519
- Estimated Expense Ratio: 20.943% 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 | $757,384 | — | $89,428 | — | — |
| 2023 | $210,264 | — | $95,586 | — | — |
| 2022 | $194,900 | — | — | — | $194,900 |