Plan Snapshot
- Plan Sponsor: Lanco Mechanicals, INC
- Sponsor EIN: 522366122
- Sponsor Address: 201A SCHOOL LANE AVE, EPHRATA, PA, 17522
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 35
- Total Assets: $59,984
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 | 35 | $59,984 | $569,742 | $0 |
| 2023 | 32 | $12,562 | $435,885 | $0 |
| 2022 | 31 | $26,387 | $339,139 | $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 |
|---|---|---|---|---|
| THE BENECON GROUP | Investment Advisor | $11,958 | — | $11,958 |
| HARDING-YOST INSURANCE ASSOCIATES, | Investment Advisor | $11,670 | — | $11,670 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,628
- Estimated Expense Ratio: 39.391% 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 | $539,645 | — | — | — | — |
| 2023 | $454,343 | — | — | — | — |
| 2022 | $329,780 | — | — | — | — |