# David G. Horsey & Sons, INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/david-g-horsey-sons-inc-510288532-501

> David G. Horsey & Sons, INC.'s Health & Welfare plan: 47 participants, plan year 2025 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2025.

## 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|—|—|—|—|

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