Plan Snapshot
- Plan Sponsor: Bw Health Group,LLC
- Sponsor EIN: 521059587
- Sponsor Address: 100 MEMORIAL PLAZA, CHESTERTOWN, MD, 21620
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 57
- Total Assets: $58,399
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 | 57 | $58,399 | $628,221 | $448,549 |
| 2023 | 65 | $253,608 | $481,351 | $315,777 |
| 2022 | 55 | $200,856 | $290,236 | $160,778 |
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 |
|---|---|---|---|---|
| CAREFIRST ADMINISTRATORS | Other Service Provider | $33,460 | — | $33,460 |
| INSURANCE SOLUTIONS | Investment Advisor | $23,741 | — | $23,741 |
| THE BENECON GROUP, LLC | Investment Advisor | $21,672 | — | $21,672 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $78,873
- Estimated Expense Ratio: 135.059% 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 | $1,343,079 | — | — | — | — |
| 2023 | $771,177 | — | — | — | — |
| 2022 | $482,442 | — | — | — | — |