Plan Snapshot
- Plan Sponsor: Brightfields, INC.
- Sponsor EIN: 550830917
- Sponsor Address: 801 INDUSTRIAL ST. SUITE 1, WILMINGTON, DE, 19801
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 32
- Total Assets: $81,800
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 | 32 | $81,800 | $398,349 | $138,336 |
| 2023 | 32 | $98,711 | $498,234 | $805 |
| 2022 | 28 | $24,311 | $22,994 | $8,132 |
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 |
|---|---|---|---|---|
| WEINER BENEFITS GROUP | Investment Advisor | $13,440 | — | $13,440 |
| THE BENECON GROUP, LLC | Investment Advisor | $9,348 | — | $9,348 |
| MERITAIN HEALTH, AN AETNA COMPANY | Other Service Provider | $5,402 | — | $5,402 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,190
- Estimated Expense Ratio: 34.462% 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 | $553,930 | — | — | — | — |
| 2023 | $436,978 | — | — | — | — |
| 2022 | $5,894 | — | — | — | — |