Plan Snapshot
- Plan Sponsor: Garden Spot Electric, INC.
- Sponsor EIN: 231694863
- Sponsor Address: 360 HOSTETTER ROAD, MANHEIM, PA, 17545
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 31
- Total Assets: $291,874
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 | 31 | $291,874 | $418,831 | $0 |
| 2023 | 31 | $139,169 | $381,912 | $0 |
| 2022 | 30 | $171,034 | $348,032 | $0 |
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, LLC | Investment Advisor | $10,987 | — | $10,987 |
| ENGLE HAMBRIGHT & DAVIES, INC | Investment Advisor | $9,416 | — | $9,416 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,403
- Estimated Expense Ratio: 6.990% 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 | $340,096 | — | — | — | — |
| 2023 | $424,701 | — | — | — | — |
| 2022 | $229,275 | — | — | — | — |