# Garden Spot Electric, INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/garden-spot-electric-inc-231694863-501

> Garden Spot Electric, INC.'s Health & Welfare plan: 31 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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