Plan Snapshot
- Plan Sponsor: Housing Development Corporation Midatlantic
- Sponsor EIN: 231861343
- Sponsor Address: 8 WEST KING STREET STE 821, LANCASTER, PA, 176033284
- Plan Type: 401(k)
- Total Participants: 112
- Total Assets: $6.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 112 | $6.7M | $196,360 | $435,000 |
| 2023 | 124 | $6.5M | $219,962 | $437,418 |
| 2022 | 109 | $5.5M | $172,987 | $397,063 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $26,827 | — | $26,827 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $26,827
- Estimated Expense Ratio: 0.398% 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 | $28,641 | — | $28,641 | — | — |
| 2023 | $25,356 | — | $25,356 | — | — |
| 2022 | $23,791 | — | $23,791 | — | — |