Plan Snapshot
- Plan Sponsor: Kline & Specter, P.C.
- Sponsor EIN: 232830302
- Sponsor Address: 1525 LOCUST STREET, PHILADELPHIA, PA, 19102
- Plan Type: Health & Welfare
- Plan Number: 505
- Total Participants: 166
- Total Assets: $50,520
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 | 166 | $50,520 | $678,810 | $550,678 |
| 2023 | 141 | $761,446 | $1.2M | $480,633 |
| 2022 | 140 | $1.9M | $1.7M | $452,872 |
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 |
|---|---|---|---|---|
| ONEDIGITAL (PHILADELPHIA) | Investment Advisor | $68,672 | — | $68,672 |
| THE BENECON GROUP | Investment Advisor | $36,201 | — | $36,201 |
| INDEPENDENCE ADMINISTRATORS (IA) | Other Service Provider | $17,573 | — | $17,573 |
| CONNECTCARE3 | Other Service Provider | $10,041 | — | $10,041 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $132,487
- Estimated Expense Ratio: 262.247% 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 | $131,092 | — | $131,092 | — | — |
| 2023 | $115,274 | — | $115,274 | — | — |
| 2022 | $101,358 | — | — | — | — |