# Lapp Electrical Service, INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/lapp-electrical-service-inc-231936358-501

> Lapp Electrical Service, INC.'s Health & Welfare plan: 58 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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