Plan Snapshot
- Plan Sponsor: Herbein And Company, INC.
- Sponsor EIN: 232415973
- Sponsor Address: 2763 CENTURY BOULEVARD, READING, PA, 19610
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 211
- Total Assets: $571,808
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 | 211 | $571,808 | $3.3M | $780,850 |
| 2023 | 173 | $272,747 | $2.3M | $598,708 |
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 | $92,016 | — | $92,016 |
| THE BENECON GROUP | Investment Advisor | $60,785 | — | $60,785 |
| CONNECTCARE3 | Other Service Provider | $13,702 | — | $13,702 |
| HIGHMARK BLUE SHIELD (CENTRAL) | Other Service Provider | $10,252 | — | $10,252 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $176,755
- Estimated Expense Ratio: 30.912% 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 | $176,755 | — | $102,268 | — | — |
| 2023 | $137,029 | — | $86,122 | — | — |