Plan Snapshot
- Plan Sponsor: Berg Construction LLC
- Sponsor EIN: 841651786
- Sponsor Address: PO BOX 828, MORGANTOWN, PA, 19543
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 53
- Total Assets: $45,740
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 | 53 | $45,740 | $461,424 | $176,275 |
| 2023 | 54 | $34,595 | $490,753 | $188,343 |
| 2022 | 61 | $49,900 | $430,080 | $161,617 |
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 |
|---|---|---|---|---|
| ASSURED PARTNERS (CENTRAL PA) | Investment Advisor | $22,704 | — | $22,704 |
| THE BENECON GROUP, LLC | Investment Advisor | $17,243 | — | $17,243 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,947
- Estimated Expense Ratio: 87.335% 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 | $749,907 | — | — | — | — |
| 2023 | $691,325 | — | — | — | — |
| 2022 | $568,197 | — | — | — | — |