Plan Snapshot
- Plan Sponsor: Berks New Homes, LLC
- Sponsor EIN: 823505051
- Sponsor Address: 3335 MORGANTOWN ROAD, MOHNTON, PA, 195400007
- Plan Type: 401(k)
- Total Participants: 172
- Total Assets: $7.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 172 | $7.9M | $396,526 | $960,918 |
| 2023 | 170 | $6.5M | $321,817 | $783,064 |
| 2022 | 145 | $4.7M | $241,016 | $600,069 |
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 |
|---|---|---|---|---|
| SIMON LEVER LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SIMON LEVER LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $31,801 | $170 | — | — | — |
| 2023 | $33,944 | $33,659 | $210 | — | — |
| 2022 | $42,909 | — | $42,909 | — | — |