Plan Snapshot
- Plan Sponsor: Buyers Products Company
- Sponsor EIN: 341000414
- Sponsor Address: 9049 TYLER BOULEVARD, MENTOR, OH, 44060
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 761
- Total Assets: $0
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 | 761 | $0 | $0 | $0 |
| 2023 | 565 | $0 | $0 | $0 |
| 2022 | 570 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|
| JP FARLEY CORPORATION | Recordkeeper | $491,315 | — | $491,315 |
| CIGNA CORPORATION | Recordkeeper | $171,277 | — | $171,277 |
| HEALTHPLAN DATA SOLUTIONS | Recordkeeper | $40,796 | — | $40,796 |
| TELADOC INC | Recordkeeper | $29,067 | — | $29,067 |
| HEALTHCARE EXCHANGE LTD | Recordkeeper | $12,498 | — | $12,498 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $744,953
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 | — | — | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |