Plan Snapshot
- Plan Sponsor: Gene Latta Ford Incorporated
- Sponsor EIN: 231566689
- Sponsor Address: 1565 CARLISLE PIKE, 94 NORTH, HANOVER, PA, 17331
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 60
- Total Assets: $103,772
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 | 60 | $103,772 | $347,525 | $276,916 |
| 2023 | 41 | $4,935 | $266,281 | $279,654 |
| 2022 | 42 | $18,503 | $270,085 | $251,486 |
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 | Investment Advisor | $16,616 | — | $16,616 |
| WEBB INSURANCE, INC. | Investment Advisor | $13,250 | — | $13,250 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $29,866
- Estimated Expense Ratio: 28.780% 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 | $294,480 | — | — | — | — |
| 2023 | $801,002 | — | — | — | — |
| 2022 | $534,834 | — | — | — | — |