Plan Snapshot
- Plan Sponsor: Carman Ford Lincoln, INC.
- Sponsor EIN: 510265392
- Sponsor Address: 193 S. DUPONT HIGHWAY, NEW CASTLE, DE, 19720
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 56
- Total Assets: $70,884
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 | 56 | $70,884 | $501,404 | $322,464 |
| 2023 | 65 | $52,384 | $597,644 | $306,490 |
| 2022 | 75 | $63,818 | $554,865 | $312,344 |
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 |
|---|---|---|---|---|
| WEINER BENEFITS GROUP | Investment Advisor | $20,055 | — | $20,055 |
| THE BENECON GROUP | Investment Advisor | $16,742 | — | $16,742 |
| HIGHMARK OF DELAWARE | Other Service Provider | $14,966 | — | $14,966 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $51,763
- Estimated Expense Ratio: 73.025% 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 | $908,979 | — | — | — | — |
| 2023 | $924,639 | — | — | — | — |
| 2022 | $950,232 | — | — | — | — |