Plan Snapshot
- Plan Sponsor: David G. Horsey & Sons, INC.
- Sponsor EIN: 510288532
- Sponsor Address: 28107 BEAVER DAM BRANCH ROAD, LAUREL, DE, 19956
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 47
- Total Assets: $368,392
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 | 47 | $368,392 | $0 | $0 |
| 2024 | 57 | $370,827 | $672,334 | $304,622 |
| 2023 | 65 | $214,975 | $587,938 | $342,341 |
| 2022 | 63 | $74,834 | $754,622 | $117,453 |
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 | $61,547 | — | $61,547 |
| HIGHMARK OF DELAWARE | Other Service Provider | $21,712 | — | $21,712 |
| LYONS INSURANCE AGENCY, INC. | Investment Advisor | $19,448 | — | $19,448 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $102,707
- Estimated Expense Ratio: 27.880% 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 | $968,622 | — | — | — | — |
| 2024 | $794,920 | — | — | — | — |
| 2023 | $765,310 | — | — | — | — |
| 2022 | $912,096 | — | — | — | — |