Plan Snapshot
- Plan Sponsor: Glenn O. Hawbaker, INC.
- Sponsor EIN: 251150293
- Sponsor Address: 1952 WADDLE ROAD, STATE COLLEGE, PA, 16804
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 963
- Total Assets: $17.5M
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 | 963 | $17.5M | $17.1M | $2.0M |
| 2023 | 945 | $17.0M | $22.1M | $1.9M |
| 2022 | 969 | $10.4M | $18.0M | $1.9M |
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 |
|---|---|---|---|---|
| AETNA LIFE INSURANCE COMPANY | Recordkeeper | $794,829 | — | $794,829 |
| USI INSURANCE SERVICES LLC | Other Service Provider | $114,490 | — | $114,490 |
| STERLING WELLNESS SOLUTIONS, LLC | Recordkeeper | $80,999 | — | $80,999 |
| INSPIRA FINANCIAL | Recordkeeper | $32,567 | — | $32,567 |
| OPTAVISE LLC | Other Service Provider | $29,018 | — | $29,018 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,051,903
- Estimated Expense Ratio: 6.023% 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 | $1,052,856 | — | $794,829 | — | — |
| 2023 | $2,477,848 | — | $474,807 | — | — |
| 2022 | $701,263 | — | $701,263 | — | — |