Plan Snapshot
- Plan Sponsor: Garman Builders, INC.
- Sponsor EIN: 231976382
- Sponsor Address: 529 E. MAIN STREET, LITITZ, PA, 17543
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 31
- Total Assets: $197,797
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. |
|---|---|---|---|---|
| 2025 | 31 | $197,797 | $0 | $0 |
| 2024 | 84 | $12,056 | $35,924 | $16,542 |
| 2023 | 86 | $7,915 | $413,324 | $220,729 |
| 2022 | 67 | $7,694 | $375,447 | $206,192 |
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 | $46,182 | — | $46,182 |
| ENGLE HAMBRIGHT & DAVIES, INC. | Investment Advisor | $29,709 | — | $29,709 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,891
- Estimated Expense Ratio: 38.368% 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 |
|---|---|---|---|---|---|
| 2025 | $350,614 | — | — | — | — |
| 2024 | $336,802 | — | — | — | — |
| 2023 | $681,166 | — | — | — | — |
| 2022 | $514,780 | — | — | — | — |