Plan Snapshot
- Plan Sponsor: Legacy Benefit Plans LLC
- Sponsor EIN: 800113411
- Sponsor Address: 501 TOWANDA BARNES ROAD, BLOOMINGTON, IL, 617054031
- Plan Type: Health & Welfare
- Plan Number: 503
- Total Participants: 344
- Total Assets: $47.5M
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 | 344 | $47.5M | $13,354 | $0 |
| 2023 | 310 | $45.4M | $26,708 | $0 |
| 2022 | 788 | $45.0M | $0 | $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 |
|---|---|---|---|---|
| LEGACY BENEFIT PLANS | Recordkeeper | $5,000 | — | $5,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,000
- Estimated Expense Ratio: 0.011% 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 | $975,961 | — | $858,115 | — | — |
| 2023 | $809,464 | — | $685,647 | — | — |
| 2022 | $937,306 | — | $816,020 | — | $21,000 |