Plan Snapshot
- Plan Sponsor: Kensington Hpp, INC.
- Sponsor EIN: 462095506
- Sponsor Address: 1136 INDUSTRIAL PARK RD, VANDERGRIFT, PA, 15690
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 35
- Total Assets: $94,721
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 | 35 | $94,721 | $520,708 | $90,545 |
| 2023 | 42 | $56,865 | $424,154 | $83,121 |
| 2022 | 39 | $27,595 | $344,599 | $90,147 |
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, LLC | Investment Advisor | $19,877 | — | $19,877 |
| COURY HEALTH SERVICES, LLC | Investment Advisor | $13,945 | — | $13,945 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,822
- Estimated Expense Ratio: 35.707% 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 | $781,519 | — | — | — | — |
| 2023 | $536,263 | — | — | — | — |
| 2022 | $447,962 | — | — | — | — |