Plan Snapshot
- Plan Sponsor: Klover Sepa, INC.
- Sponsor EIN: 815335337
- Sponsor Address: 1121 RICHLAND COMMERCE DR, QUAKERTOWN, PA, 18951
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 122
- Total Assets: $0
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 | 122 | $0 | $0 | $0 |
| 2023 | 125 | $222,653 | $915,614 | $273,980 |
| 2022 | 136 | $0 | $0 | $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 |
|---|---|---|---|---|
| ENGLE-HAMBRIGHT & DAVIES, INC | Investment Advisor | $77,829 | — | $77,829 |
| THE BENECON GROUP, LLC | Investment Advisor | $22,026 | — | $22,026 |
| INDEPENDENCE ADMINISTRATORS | Other Service Provider | $13,408 | — | $13,408 |
| CONNECTCARE3 | Other Service Provider | $7,948 | — | $7,948 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $121,211
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 | — | — | — | — | — |
| 2023 | $128,615 | — | $128,615 | — | — |
| 2022 | — | — | — | — | — |