Plan Snapshot
- Plan Sponsor: Cargo, LLC
- Sponsor EIN: 320462627
- Sponsor Address: 914 PENDLETON ST SUITE 300, GREENVILLE, SC, 29601
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 37
- Total Assets: $82,033
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. |
|---|---|---|---|---|
| 2025 | 37 | $82,033 | $0 | $0 |
| 2024 | 44 | $103,800 | $311,540 | $103,169 |
| 2023 | 78 | $18,466 | $365,372 | $1,673 |
| 2022 | 60 | $5,628 | $226,491 | $95,688 |
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 |
|---|---|---|---|---|
| THE BENECON GROUP | Investment Advisor | $31,047 | — | $31,047 |
| BLUE SOLUTIONS ADMINISTRATOR, LLC | Investment Advisor | $18,055 | — | $18,055 |
| MARSH & MCLENNAN AGENCY, LLC. | Investment Advisor | $16,905 | — | $16,905 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $66,007
- Estimated Expense Ratio: 80.464% 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 |
|---|---|---|---|---|---|
| 2025 | $466,092 | — | — | — | — |
| 2024 | $327,812 | — | — | — | — |
| 2023 | $372,171 | — | — | — | — |
| 2022 | $340,530 | — | — | — | — |