Plan Snapshot
- Plan Sponsor: Hankin & Pack PLLC
- Sponsor EIN: 822515408
- Sponsor Address: 5955 CARNEGIE BLVD SUITE 350, CHARLOTTE, NC, 28209
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 72
- Total Assets: $17,378
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 | 72 | $17,378 | $615,910 | $684 |
| 2023 | 47 | $47,387 | $372,359 | $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 |
|---|---|---|---|---|
| ALLIED BENEFIT SYSTEMS | Other Service Provider | $47,068 | — | $47,068 |
| USI INSURANCE SERVICES (NC) | Investment Advisor | $26,405 | — | $26,405 |
| THE BENECON GROUP | Investment Advisor | $24,143 | — | $24,143 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $97,616
- Estimated Expense Ratio: 561.722% 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 | $719,846 | — | — | — | — |
| 2023 | $359,067 | — | — | — | — |