# Hanover Shoe Farms, INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/hanover-shoe-farms-inc-231355791-501

> Hanover Shoe Farms, INC.'s Health & Welfare plan: 66 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

## Similar Plans

- [John M Egloff](https://planprovider.pro/companies/john-m-egloff-plan) — 8 participants

- [Evergreen Industries, INC](https://planprovider.pro/companies/evergreen-industries-inc-plan) — 6 participants

- [Appleworks Farm, INC.](https://planprovider.pro/companies/appleworks-farm-inc-401k-plan) — 1 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/hanover-shoe-farms-inc-231355791-501)

© 2026 PlanProvider.Pro