Plan Snapshot
- Plan Sponsor: Lake Chevrolet-Oldsmobile, INC.
- Sponsor EIN: 232175833
- Sponsor Address: 533 S MAIN ST, LEWISTOWN, PA, 170442399
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 62
- Total Assets: $34,464
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 | 62 | $34,464 | $639,018 | $101,373 |
| 2023 | 61 | $18,058 | $555,705 | $100,900 |
| 2022 | 61 | $92,444 | $487,731 | $115,706 |
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 | Investment Advisor | $19,009 | — | $19,009 |
| MCGRIFF INSURANCE SERVICES | Investment Advisor | $18,600 | — | $18,600 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $37,609
- Estimated Expense Ratio: 109.125% 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 | $788,386 | — | — | — | — |
| 2023 | $683,283 | — | — | — | — |
| 2022 | $569,096 | — | — | — | — |