Plan Snapshot
- Plan Sponsor: Innovative Machining Technology, INC.
- Sponsor EIN: 232621851
- Sponsor Address: 8 ROWELL ROAD, BOYERTOWN, PA, 19512
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 30
- Total Assets: $20,976
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 | 30 | $20,976 | $0 | $0 |
| 2024 | 32 | $3,972 | $103,753 | $19,327 |
| 2023 | 36 | $18,207 | $310,071 | $58,578 |
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 | $28,826 | — | $28,826 |
| PATRIOT (POWER-KUNKLE GROUP, INC.) | Investment Advisor | $14,307 | — | $14,307 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,133
- Estimated Expense Ratio: 205.630% 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 | $434,529 | — | — | — | — |
| 2024 | $124,415 | — | — | — | — |
| 2023 | $395,560 | — | — | — | — |