Plan Snapshot
- Plan Sponsor: Caddick Utilities, LLC
- Sponsor EIN: 263945873
- Sponsor Address: 254 S. MAIN STREET, AMBLER, PA, 19002
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 119
- Total Assets: $894,740
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 | 119 | $894,740 | $2.1M | $0 |
| 2023 | 128 | $894,741 | $2.3M | $0 |
| 2022 | 126 | $395,257 | $1.9M | $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 |
|---|---|---|---|---|
| STERLING BENEFITS, LLC | Investment Advisor | $86,760 | — | $86,760 |
| THE BENECON GROUP, LLC | Investment Advisor | $24,283 | — | $24,283 |
| INDEPENDENCE ADMINISTRATORS (IA) | Other Service Provider | $19,916 | — | $19,916 |
| CONNECTCARE3 | Other Service Provider | $7,982 | — | $7,982 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $138,941
- Estimated Expense Ratio: 15.529% 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 | $880,769 | $32,266 | $116,869 | — | — |
| 2023 | $852,073 | $32,939 | $128,047 | — | — |
| 2022 | $732,551 | $32,011 | $122,870 | — | — |