Plan Snapshot
- Plan Sponsor: Hanover Shoe Farms, INC.
- Sponsor EIN: 231355791
- Sponsor Address: 2310 HANOVER PIKE, HANOVER, PA, 17331
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 66
- Total Assets: $32,557
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 | 66 | $32,557 | $510,632 | $87,715 |
| 2023 | 57 | $2,142 | $379,920 | $88,123 |
| 2022 | 59 | $32,699 | $276,867 | $72,589 |
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 | $17,143 | — | $17,143 |
| WEBB INSURANCE, INC. | Investment Advisor | $16,775 | — | $16,775 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,918
- Estimated Expense Ratio: 104.180% 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 | $519,985 | — | — | — | — |
| 2023 | $475,640 | — | — | — | — |
| 2022 | $392,279 | — | — | — | — |