Plan Snapshot
- Plan Sponsor: Halcyon, INC.
- Sponsor EIN: 161435197
- Sponsor Address: 865 COUNTY ROAD, #6, PHELPS, NY, 14532
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 49
- Total Assets: $102,291
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 | 49 | $102,291 | $547,930 | $0 |
| 2023 | 59 | $143,240 | $496,707 | $0 |
| 2022 | 75 | $20,423 | $527,428 | $0 |
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 |
|---|---|---|---|---|
| TOMPKINS INSURANCE | Investment Advisor | $24,395 | — | $24,395 |
| THE BENECON GROUP | Investment Advisor | $20,710 | — | $20,710 |
| MERITAIN HEALTH, AN AETNA COMPANY | Other Service Provider | $7,033 | — | $7,033 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $52,138
- Estimated Expense Ratio: 50.970% 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 | $597,367 | — | — | — | — |
| 2023 | $374,624 | — | — | — | — |
| 2022 | $550,747 | — | — | — | — |