Plan Snapshot
- Plan Sponsor: Goldey-Beacom College, INC.
- Sponsor EIN: 510109178
- Sponsor Address: 4701 LIMESTONE ROAD, WILMINGTON, DE, 198081927
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 62
- Total Assets: $568,279
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 | 62 | $568,279 | $1.0M | $336,416 |
| 2023 | 60 | $269,881 | $894,768 | $317,995 |
| 2022 | 55 | $212,047 | $732,054 | $332,769 |
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 |
|---|---|---|---|---|
| IFS BENEFITS, LLC | Investment Advisor | $30,422 | — | $30,422 |
| THE BENECON GROUP, LLC | Investment Advisor | $18,958 | — | $18,958 |
| HIGHMARK OF DELAWARE | Other Service Provider | $6,337 | — | $6,337 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,717
- Estimated Expense Ratio: 9.805% 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 | $1,087,005 | — | — | — | — |
| 2023 | $1,194,922 | — | — | — | — |
| 2022 | $911,107 | — | — | — | — |