# Brightfields, INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/brightfields-inc-550830917-501

> Brightfields, INC.'s Health & Welfare plan: 32 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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