Plan Snapshot
- Plan Sponsor: Faddis Concrete Products, INC.
- Sponsor EIN: 871233675
- Sponsor Address: 2206 HORSESHOE PIKE, HONEY BROOK, PA, 19344
- Plan Type: Health & Welfare
- Plan Number: 510
- Total Participants: 72
- Total Assets: $524,718
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 | 72 | $524,718 | $0 | $0 |
| 2024 | 64 | $68,270 | $854,580 | $334,943 |
| 2023 | 75 | $576 | $897,795 | $0 |
| 2022 | 70 | $14,716 | $513,606 | $313,966 |
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 | $67,086 | — | $67,086 |
| MERITAIN HEALTH, AN AETNA COMPANY | Other Service Provider | $30,275 | — | $30,275 |
| NFP CORPORATE BENEFITS (MD) | Investment Advisor | $21,171 | — | $21,171 |
| REVIVEHEALTH, INC. | Other Service Provider | $10,569 | — | $10,569 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $129,101
- Estimated Expense Ratio: 24.604% 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 | $1,000,508 | — | — | — | — |
| 2024 | $1,278,179 | — | — | — | — |
| 2023 | $947,480 | — | — | — | — |
| 2022 | $1,162,621 | — | — | — | — |