Plan Snapshot
- Plan Sponsor: Flexicon Corporation
- Sponsor EIN: 222045761
- Sponsor Address: 2400 EMRICK BOULEVARD, BETHLEHEM, PA, 18020
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 152
- Total Assets: $188,851
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 | 152 | $188,851 | $1.6M | $920,928 |
| 2023 | 140 | $151,972 | $1.3M | $895,241 |
| 2022 | 161 | $170,418 | $1.2M | $864,755 |
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 |
|---|---|---|---|---|
| MADISON INSURANCE GROUP | Investment Advisor | $67,837 | — | $67,837 |
| THE BENECON GROUP, LLC | Investment Advisor | $25,457 | — | $25,457 |
| CONNECTCARE 3 | Other Service Provider | $9,902 | — | $9,902 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $103,196
- Estimated Expense Ratio: 54.644% 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 | $546,520 | $35,359 | $84,085 | — | — |
| 2023 | $512,332 | $39,455 | $90,317 | — | — |
| 2022 | $657,874 | $41,553 | $82,771 | — | — |