Plan Snapshot
- Plan Sponsor: Berkshire Systems Group, INC.
- Sponsor EIN: 232218930
- Sponsor Address: 50 S. MUSEUM RD., SHILLINGTON, PA, 19607
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 124
- Total Assets: $178,368
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 | 124 | $178,368 | $1.3M | $352,693 |
| 2023 | 117 | $40,968 | $1.4M | $31,829 |
| 2022 | 98 | $456,542 | $1.1M | $215,643 |
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 |
|---|---|---|---|---|
| PATRIOT (POWER-KUNKLE GROUP, INC.) | Investment Advisor | $45,162 | — | $45,162 |
| THE BENECON GROUP | Investment Advisor | $26,943 | — | $26,943 |
| HIGHMARK BLUE SHIELD (CENTRAL) | Other Service Provider | $15,567 | — | $15,567 |
| CONNECTCARE 3 | Other Service Provider | $7,612 | — | $7,612 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $95,284
- Estimated Expense Ratio: 53.420% 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 | $95,284 | — | $95,284 | — | — |
| 2023 | $1,899,512 | — | — | — | — |
| 2022 | $1,383,923 | — | — | — | — |