Plan Snapshot
- Plan Sponsor: Best Line Leasing, INC.
- Sponsor EIN: 232377559
- Sponsor Address: 2582 GATEWAY DRIVE, STATE COLLEGE, PA, 16801
- Plan Type: 401(k)
- Total Participants: 370
- Total Assets: $31.3M
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 | 370 | $31.3M | $572,288 | $2.1M |
| 2023 | 382 | $27.2M | $630,366 | $2.3M |
| 2022 | 335 | $21.6M | $533,537 | $1.9M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE CO. OF AM | Recordkeeper | $164,361 | — | $164,361 |
| FARMERS & MERCHANTS TRUST COMPANY | Investment Advisor | $79,203 | — | $79,203 |
| THE PARAGON ALLIANCE GROUP LLC | Other Service Provider | — | $23,708 | $23,708 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $267,272
- Estimated Expense Ratio: 0.853% 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 | $164,361 | — | $164,361 | — | — |
| 2023 | $129,688 | — | $129,688 | — | — |
| 2022 | $122,313 | — | $19,357 | — | — |