Plan Snapshot
- Plan Sponsor: Gross Mcginley, LLP
- Sponsor EIN: 232007651
- Sponsor Address: 33 S. SEVENTH STREET, ALLENTOWN, PA, 18105
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 60
- Total Assets: $1,319
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 | 60 | $1,319 | $0 | $0 |
| 2024 | 60 | $5,260 | $668,660 | $63,676 |
| 2023 | 61 | $91,327 | $620,792 | $38,527 |
| 2022 | 59 | $266,943 | $688,228 | $41,613 |
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 | $52,419 | — | $52,419 |
| BSI CORPORATE BENEFITS, LLC | Investment Advisor | $34,761 | — | $34,761 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,180
- Estimated Expense Ratio: 6609.553% 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 | $926,178 | — | — | — | — |
| 2024 | $862,505 | — | — | — | — |
| 2023 | $859,864 | — | — | — | — |
| 2022 | $772,886 | — | — | — | — |