Plan Snapshot
- Plan Sponsor: Journey Bank
- Sponsor EIN: 240528723
- Sponsor Address: PO BOX 240, BLOOMSBURG, PA, 17815
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 152
- Total Assets: $1.1M
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 | 152 | $1.1M | $1.5M | $332,999 |
| 2023 | 155 | $309,143 | $1.2M | $246,132 |
| 2022 | 94 | $278,028 | $880,478 | $269,556 |
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 |
|---|---|---|---|---|
| UNIMERICA INSURANCE COMPANY | Other Service Provider | $883,659 | — | $883,659 |
| L.R. WEBBER ASSOCIATES | Other Service Provider | $46,041 | — | $46,041 |
| THE BENECON GROUP, INC. | Other Service Provider | $36,976 | — | $36,976 |
| PBASC | Other Service Provider | $11,680 | — | $11,680 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $978,356
- Estimated Expense Ratio: 91.832% 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 | $655,011 | $46,780 | $38,254 | — | — |
| 2023 | $1,409,984 | — | — | — | — |
| 2022 | $1,626,001 | — | — | — | — |