Plan Snapshot
- Plan Sponsor: Cheran, INC.
- Sponsor EIN: 262605984
- Sponsor Address: 3552 GETTYSBURG ROAD, CAMP HILL, PA, 17011
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 34
- Total Assets: $13,343
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 | 34 | $13,343 | $346,990 | $198,103 |
| 2023 | 32 | $13,773 | $51,048 | $51,048 |
| 2022 | 62 | $17,551 | $263,017 | $171,851 |
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 |
|---|---|---|---|---|
| BENEFIT CONNECTIONS | Investment Advisor | $10,356 | — | $10,356 |
| THE BENECON GROUP | Investment Advisor | $9,804 | — | $9,804 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,160
- Estimated Expense Ratio: 151.090% 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 | $584,875 | — | — | — | — |
| 2023 | $101,373 | — | — | — | — |
| 2022 | $493,961 | — | — | — | — |