Plan Snapshot
- Plan Sponsor: Fulton Financial Corporation
- Sponsor EIN: 232195389
- Sponsor Address: PO BOX 4887, ONE PENN SQUARE, LANCASTER, PA, 17604
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 3,488
- Total Assets: $2.1M
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 | 3,488 | $2.1M | $40.3M | $9.2M |
| 2023 | 3,436 | $1.3M | $32.7M | $9.6M |
| 2022 | 3,338 | $1.1M | $28.0M | $8.6M |
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 |
|---|---|---|---|---|
| HIGHMARK | Other Service Provider | $1,564,197 | — | $1,564,197 |
| AP BENEFIT ADVISORS, LLC | Other Service Provider | $206,692 | — | $206,692 |
| UNITED CONCORDIA | Other Service Provider | $188,381 | — | $188,381 |
| SEDGWICK CLAIMS MANAGEMENT SERVICES | Other Service Provider | $174,702 | — | $174,702 |
| CAREBRIDGE CORPORATION | Other Service Provider | $73,891 | — | $73,891 |
| BDO USA, LLC | Auditor | $65,343 | — | $65,343 |
| VISION SERVICE PLAN | Other Service Provider | $47,807 | — | $47,807 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,321,013
- Estimated Expense Ratio: 109.245% 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 | $2,450,004 | — | $2,384,661 | — | — |
| 2023 | $2,692,244 | — | $2,599,212 | — | — |
| 2022 | $2,592,170 | — | $2,526,692 | — | $65,478 |