# Goldey-Beacom College, INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/goldey-beacom-college-inc-510109178-502

> Goldey-Beacom College, INC.'s Health & Welfare plan: 62 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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