Plan Snapshot
- Plan Sponsor: Henise Tire Service, INC.
- Sponsor EIN: 231517061
- Sponsor Address: 558 EAST PENN AVENUE, CLEONA, PA, 17042
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 63
- Total Assets: $217,602
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 | 63 | $217,602 | $626,516 | $184,653 |
| 2023 | 71 | $87,431 | $654,826 | $185,780 |
| 2022 | 77 | $37,342 | $90,790 | $32,908 |
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 | $15,237 | — | $15,237 |
| YOCUM & COMPANY, INC, | Investment Advisor | $14,962 | — | $14,962 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,199
- Estimated Expense Ratio: 13.878% 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 | $677,959 | — | — | — | — |
| 2023 | $760,103 | — | — | — | — |
| 2022 | $148,926 | — | — | — | — |