Plan Snapshot
- Plan Sponsor: Bright Mls, INC.
- Sponsor EIN: 521845913
- Sponsor Address: 660 AMERICAN AVE. SUITE 203, KING OF PRUSSIA, PA, 19406
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 158
- Total Assets: $513,625
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 | 158 | $513,625 | $1.1M | $344,901 |
| 2023 | 139 | $782,643 | $1.2M | $367,859 |
| 2022 | 145 | $678,658 | $877,712 | $350,261 |
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 |
|---|---|---|---|---|
| ONEDIGITAL (PHILADELPHIA) | Investment Advisor | $60,984 | — | $60,984 |
| INDEPENDENCE ADMINISTRATORS | Other Service Provider | $24,739 | — | $24,739 |
| THE BENECON GROUP | Investment Advisor | $22,621 | — | $22,621 |
| CONNECTCARE3 | Other Service Provider | $7,855 | — | $7,855 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $116,199
- Estimated Expense Ratio: 22.623% 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 | $116,630 | — | $116,630 | — | — |
| 2023 | $111,926 | — | $111,926 | — | — |
| 2022 | $114,364 | — | $114,364 | — | — |