Plan Snapshot
- Plan Sponsor: Eastern Controls, INC. Of PA
- Sponsor EIN: 231706447
- Sponsor Address: 3866 N.PROVIDENCE RD, NEWTOWN SQUARE, PA, 19028
- Plan Type: Health & Welfare
- Plan Number: 510
- Total Participants: 82
- Total Assets: $16,876
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 | 82 | $16,876 | $639,987 | $400,026 |
| 2023 | 89 | $18,284 | $583,693 | $368,274 |
| 2022 | 77 | $9,919 | $319,786 | $331,540 |
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 |
|---|---|---|---|---|
| FAIRMOUNT BENEFITS INC. | Investment Advisor | $42,148 | — | $42,148 |
| THE BENECON GROUP | Investment Advisor | $26,265 | — | $26,265 |
| INDEPENDENCE ADMINISTRATORS (IA) | Other Service Provider | $18,457 | — | $18,457 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $86,870
- Estimated Expense Ratio: 514.755% 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 | $1,031,330 | — | — | — | — |
| 2023 | $1,067,429 | — | — | — | — |
| 2022 | $701,320 | — | — | — | — |