Plan Snapshot
- Plan Sponsor: Hamburg Plow Works, INC. Dba Hamburg Mfg., INC.
- Sponsor EIN: 231306564
- Sponsor Address: P.O. BOX 147, HAMBURG, PA, 195260147
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 39
- Total Assets: $119,720
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 | 39 | $119,720 | $696,643 | $73,265 |
| 2023 | 45 | $276,226 | $849,515 | $85,725 |
| 2022 | 54 | $145,777 | $716,673 | $83,480 |
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 |
|---|---|---|---|---|
| PATRIOT (POWER-KUNKLE GROUP, INC.) | Investment Advisor | $16,234 | — | $16,234 |
| THE BENECON GROUP, LLC | Investment Advisor | $12,290 | — | $12,290 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,524
- Estimated Expense Ratio: 23.826% 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 | $932,561 | — | — | — | — |
| 2023 | $784,122 | — | — | — | — |
| 2022 | $740,239 | — | — | — | — |