Plan Snapshot
- Plan Sponsor: Hirsch Electric LLC
- Sponsor EIN: 522322452
- Sponsor Address: 603 DUNDALK AVE., BALTIMORE, MD, 212242932
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 79
- Total Assets: $31
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. |
|---|---|---|---|---|
| 2025 | 79 | $31 | $0 | $0 |
| 2024 | 88 | $7,292 | $475,733 | $303,184 |
| 2023 | 88 | $47,574 | $290,280 | $354,914 |
| 2022 | 94 | $300,390 | $135,531 | $312,278 |
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 | $59,821 | — | $59,821 |
| BROOKS FINANCIAL GROUP, INC. | Investment Advisor | $35,955 | — | $35,955 |
| CAREFIRST ADMINISTRATORS | Other Service Provider | $29,389 | — | $29,389 |
| REVIVEHEALTH, INC. | Other Service Provider | $13,377 | — | $13,377 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $138,542
- Estimated Expense Ratio: 446909.677% 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 |
|---|---|---|---|---|---|
| 2025 | $1,107,266 | — | — | — | — |
| 2024 | $761,503 | — | — | — | — |
| 2023 | $956,696 | — | — | — | — |
| 2022 | $286,058 | $23,915 | $74,907 | — | — |