Plan Snapshot
- Plan Sponsor: Family Services Incorporated
- Sponsor EIN: 231533374
- Sponsor Address: 2022 BROAD AVENUE, ALTOONA, PA, 16601
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 60
- Total Assets: $410,024
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 | 60 | $410,024 | $875,202 | $154,769 |
| 2023 | 62 | $193,410 | $700,690 | $150,628 |
| 2022 | 44 | $6,364 | $532,895 | $144,657 |
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 |
|---|---|---|---|---|
| LUMINARE HEALTH BENEFITS INC. | Other Service Provider | $44,015 | — | $44,015 |
| THE BENECON GROUP, LLC | Investment Advisor | $19,223 | — | $19,223 |
| LR WEBBER | Investment Advisor | $14,780 | — | $14,780 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $78,018
- Estimated Expense Ratio: 19.028% 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 | $794,579 | — | — | — | — |
| 2023 | $567,982 | — | — | — | — |
| 2022 | $772,746 | — | — | — | — |