Plan Snapshot
- Plan Sponsor: Kmel Corporation
- Sponsor EIN: 232819753
- Sponsor Address: 1670 E RACE ST, ALLENTOWN, PA, 181099580
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 42
- Total Assets: $170,072
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. |
|---|---|---|---|---|
| 2025 | 42 | $170,072 | $0 | $0 |
| 2024 | 42 | $21,234 | $597,990 | $183,943 |
| 2023 | 34 | $1,611 | $534,803 | $173,516 |
| 2022 | 46 | $50,993 | $474,834 | $151,381 |
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 | $38,971 | — | $38,971 |
| BSI CORPORATE BENEFITS, LLC | Investment Advisor | $23,311 | — | $23,311 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,282
- Estimated Expense Ratio: 36.621% 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 |
|---|---|---|---|---|---|
| 2025 | $633,634 | — | — | — | — |
| 2024 | $769,596 | — | — | — | — |
| 2023 | $843,317 | — | — | — | — |
| 2022 | $732,530 | — | — | — | — |