# Buyers Products Company Health & Welfare Plan
Source: https://planprovider.pro/companies/buyers-products-company-341000414-501

> Buyers Products Company's Health & Welfare plan: 761 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|—|

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