# Knott Mechanical INC. Health &amp; Welfare Plan
Source: https://planprovider.pro/companies/knott-mechanical-inc-521994476-501

> Knott Mechanical INC.&#39;s Health &amp; Welfare plan: 61 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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