Plan Snapshot
- Plan Sponsor: Knott Mechanical INC.
- Sponsor EIN: 521994476
- Sponsor Address: 1940 GREENSPRING DRIVE, TIMONIUM, MD, 21093
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 61
- Total Assets: $86,216
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 | $86,216 | $1.8M | $8,428 |
| 2023 | 74 | $95,313 | $1.4M | $0 |
| 2022 | 76 | $530,152 | $1.5M | $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 |
|---|---|---|---|---|
| MCCONKEY BENEFITS & FINANCIAL SERV | Investment Advisor | $23,839 | — | $23,839 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,839
- Estimated Expense Ratio: 27.650% 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 | $1,859,507 | — | — | — | — |
| 2023 | $1,826,489 | — | — | — | — |
| 2022 | $1,127,224 | — | — | — | — |