Plan Snapshot
- Plan Sponsor: Kent & Mcbride, P.C.
- Sponsor EIN: 232757378
- Sponsor Address: 1040 KINGS HIGHWAY NORTH, SUITE 600, CHERRY HILL, NJ, 08034
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 61
- Total Assets: $280,805
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 | 61 | $280,805 | $1.2M | $125,424 |
| 2023 | 45 | $276,015 | $933,810 | $272,538 |
| 2022 | 45 | $2,333 | $1.1M | $0 |
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 |
|---|---|---|---|---|
| STERLING BENEFITS, LLC | Investment Advisor | $39,750 | — | $39,750 |
| THE BENECON GROUP | Investment Advisor | $15,418 | — | $15,418 |
| AMERIHEALTH ADMINISTRATORS, INC. | Other Service Provider | $6,922 | — | $6,922 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,090
- Estimated Expense Ratio: 22.111% 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 | $747,713 | — | — | — | — |
| 2023 | $1,516,818 | — | — | — | — |
| 2022 | $1,245,062 | — | — | — | — |