Plan Snapshot
- Plan Sponsor: J.F. Allen Company
- Sponsor EIN: 550328627
- Sponsor Address: PO BOX 2049, BUCKHANNON, WV, 262017049
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 93
- Total Assets: $1.2M
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 | 93 | $1.2M | $1.1M | $312,591 |
| 2023 | 95 | $1.2M | $998,329 | $313,666 |
| 2022 | 103 | $1.3M | $1.0M | $329,108 |
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 |
|---|---|---|---|---|
| MEDICAL BENEFITS ADMINISTRATORS,INC | Other Service Provider | $35,621 | — | $35,621 |
| HEALTHJOY, LLC | Other Service Provider | $9,461 | — | $9,461 |
| MEDICAL BENEFITS MUTUAL LIFE INS CO | Other Service Provider | $8,421 | — | $8,421 |
| 4-MOST HOLDING, LLC | Other Service Provider | $6,678 | — | $6,678 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $60,181
- Estimated Expense Ratio: 5.175% 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 | $119,979 | $28,000 | — | — | — |
| 2023 | $127,298 | $28,000 | — | — | — |
| 2022 | $115,497 | $27,487 | — | — | — |