Plan Snapshot
- Plan Sponsor: Craig Scott INC. Dba Scott Honda Of West Chester
- Sponsor EIN: 232297240
- Sponsor Address: 706 AUTOPARK BLVD, WEST CHESTER, PA, 193824975
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 109
- Total Assets: $334,372
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 | 109 | $334,372 | $0 | $0 |
| 2024 | 105 | $28,366 | $606,077 | $716,000 |
| 2023 | 97 | $42,375 | $666,914 | $559,525 |
| 2022 | 81 | $42,362 | $808,953 | $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 |
|---|---|---|---|---|
| THE BENECON GROUP | Investment Advisor | $72,529 | — | $72,529 |
| ENGLE-HAMBRIGHT & DAVIES, INC. | Investment Advisor | $15,192 | — | $15,192 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,721
- Estimated Expense Ratio: 26.235% 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 | $1,468,295 | — | — | — | — |
| 2024 | $1,291,699 | — | — | — | — |
| 2023 | $1,184,923 | — | — | — | — |
| 2022 | $966,388 | — | — | — | — |