Plan Snapshot
- Plan Sponsor: Berks Construction Group, LLC
- Sponsor EIN: 813983474
- Sponsor Address: 711 SPRING STREET, WYOMISSING, PA, 19610
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 56
- Total Assets: $245,028
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 | 56 | $245,028 | $447,604 | $335,001 |
| 2023 | 51 | $150,940 | $351,069 | $393,299 |
| 2022 | 45 | $92,569 | $19,272 | $32,281 |
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 |
|---|---|---|---|---|
| TOMPKINS INSURANCE | Investment Advisor | $19,110 | — | $19,110 |
| THE BENECON GROUP | Investment Advisor | $16,571 | — | $16,571 |
| CONNECTCARE3 | Other Service Provider | $14,064 | — | $14,064 |
| CAPITAL BLUECROSS | Other Service Provider | $9,082 | — | $9,082 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,827
- Estimated Expense Ratio: 24.008% 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 | $698,743 | — | — | — | — |
| 2023 | $681,012 | — | — | — | — |
| 2022 | $42,046 | — | — | — | — |