Plan Snapshot
- Plan Sponsor: Hoffman Homes, INC.
- Sponsor EIN: 232732296
- Sponsor Address: 815 ORPHANAGE ROAD, LITTLESTOWN, PA, 17340
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 118
- Total Assets: $122,972
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 | 118 | $122,972 | $1.2M | $233,516 |
| 2023 | 96 | $267,016 | $1.0M | $208,711 |
| 2022 | 95 | $26,040 | $886,720 | $265,967 |
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 |
|---|---|---|---|---|
| BROWN & BROWN (PA) | Investment Advisor | $46,375 | — | $46,375 |
| CAPITAL BLUECROSS | Other Service Provider | $26,240 | — | $26,240 |
| THE BENECON GROUP | Investment Advisor | $21,512 | — | $21,512 |
| CONNECTCARE3 | Other Service Provider | $7,167 | — | $7,167 |
| INNOVU | Other Service Provider | $5,300 | — | $5,300 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $106,594
- Estimated Expense Ratio: 86.682% 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 | $2,521,759 | — | — | — | — |
| 2023 | $1,049,210 | — | — | — | — |
| 2022 | $70,073 | — | $70,073 | — | — |