Plan Snapshot
- Plan Sponsor: Kovatch INC.
- Sponsor EIN: 232446167
- Sponsor Address: 428 WEST CATAWISSA STREET, NESQUEHONING, PA, 18240
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 17
- Total Assets: $126,942
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 | 17 | $126,942 | $163,242 | $76,960 |
| 2023 | 20 | $116,521 | $178,886 | $63,308 |
| 2022 | 26 | $49,676 | $276,369 | $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 |
|---|---|---|---|---|
| ETA BENEFITS, INC. | Investment Advisor | $7,770 | — | $7,770 |
| HIGHMARK BCBS NEPA | Other Service Provider | $6,814 | — | $6,814 |
| THE BENECON GROUP, LLC | Investment Advisor | $5,749 | — | $5,749 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,333
- Estimated Expense Ratio: 16.018% 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 | $233,521 | — | — | — | — |
| 2023 | $178,787 | — | — | — | — |
| 2022 | $341,460 | — | — | — | — |