Plan Snapshot
- Plan Sponsor: Brothers Of Mercy Management Company, INC.
- Sponsor EIN: 813966963
- Sponsor Address: 4520 RANSOM ROAD, CLARENCE, NY, 14031
- Plan Type: Health & Welfare
- Plan Number: 505
- Total Participants: 161
- Total Assets: $286,959
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 | 161 | $286,959 | $2.2M | $370,180 |
| 2023 | 167 | $65,219 | $1.5M | $340,510 |
| 2022 | 159 | $54,713 | $1.3M | $301,309 |
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 |
|---|---|---|---|---|
| AZEROS HEALTH PLANS, LLC | Investment Advisor | $46,222 | — | $46,222 |
| THE BENECON GROUP, LLC | Investment Advisor | $33,801 | — | $33,801 |
| MERITAIN HEALTH, AN AETNA COMPANY | Other Service Provider | $15,248 | — | $15,248 |
| CONNECTCARE3 | Other Service Provider | $11,720 | — | $11,720 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $106,991
- Estimated Expense Ratio: 37.284% 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 | $106,994 | — | $106,994 | — | — |
| 2023 | $101,693 | — | $101,693 | — | — |
| 2022 | $295,151 | — | $103,255 | — | — |