Plan Snapshot
- Plan Sponsor: Lapp Electrical Service, INC.
- Sponsor EIN: 231936358
- Sponsor Address: 2420 GEHMAN LANE, LANCASTER, PA, 17602
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 58
- Total Assets: $219,217
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 | 58 | $219,217 | $417,334 | $88,160 |
| 2023 | 56 | $147,786 | $348,731 | $85,680 |
| 2022 | 53 | $250,628 | $302,537 | $92,888 |
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, LLC | Investment Advisor | $8,914 | — | $8,914 |
| ASSURED PARTNERS (CENTRAL PA) | Investment Advisor | $6,960 | — | $6,960 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,874
- Estimated Expense Ratio: 7.241% 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 | $436,216 | — | — | — | — |
| 2023 | $551,889 | — | — | — | — |
| 2022 | $337,874 | — | — | — | — |