Plan Snapshot
- Plan Sponsor: Lift, INC.
- Sponsor EIN: 232574915
- Sponsor Address: 3745 HEMPLAND ROAD, MOUNTVILLE, PA, 17554
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 351
- Total Assets: $1.5M
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 | 351 | $1.5M | $4.2M | $632,438 |
| 2023 | 302 | $795,384 | $3.8M | $481,937 |
| 2022 | 298 | $249,568 | $2.8M | $380,375 |
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 |
|---|---|---|---|---|
| MCCONKEY BENEFITS & FINANCIAL SERV | Investment Advisor | $92,173 | — | $92,173 |
| BENEFITMALL | Other Service Provider | $23,680 | — | $23,680 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $115,853
- Estimated Expense Ratio: 7.821% 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 | $124,281 | — | $111,493 | — | — |
| 2023 | $224,256 | — | $214,856 | — | — |
| 2022 | $198,380 | — | $198,380 | — | — |