Plan Snapshot
- Plan Sponsor: Combs Construction Company, INC.
- Sponsor EIN: 561878044
- Sponsor Address: 124 BANDIT LANE, MOORESVILLE, NC, 28117
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 28
- Total Assets: $140,092
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 | 28 | $140,092 | $0 | $0 |
| 2024 | 43 | $157,998 | $576,568 | $138,042 |
| 2023 | 51 | $1,620 | $531,821 | $168,839 |
| 2022 | 57 | $47,715 | $439,811 | $192,054 |
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, LLC | Investment Advisor | $30,129 | — | $30,129 |
| MEDCOST BENEFIT SERVICES, LLC | Other Service Provider | $25,217 | — | $25,217 |
| IMA FINANCIAL GROUP (ECM SOLUTIONS) | Investment Advisor | $11,572 | — | $11,572 |
| E.K MCCONKEY & CO | Investment Advisor | $7,890 | — | $7,890 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $74,808
- Estimated Expense Ratio: 53.399% 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 | $862,022 | — | — | — | — |
| 2024 | $548,399 | — | — | — | — |
| 2023 | $760,065 | — | — | — | — |
| 2022 | $695,565 | — | — | — | — |