Plan Snapshot
- Plan Sponsor: Lumber King, INC.
- Sponsor EIN: 610569353
- Sponsor Address: PO BOX 10, WHITLEY CITY, KY, 42653
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 53
- Total Assets: $52,748
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 | 53 | $52,748 | $471,447 | $144,286 |
| 2023 | 52 | $61,902 | $471,621 | $132,351 |
| 2022 | 51 | $225,250 | $399,000 | $131,580 |
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 |
|---|---|---|---|---|
| HEALTHCOMP LLC | Recordkeeper | $26,824 | — | $26,824 |
| BLUE CROSS | Other Service Provider | $22,093 | — | $22,093 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $48,917
- Estimated Expense Ratio: 92.737% 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 | $970,607 | — | — | — | — |
| 2023 | $1,170,397 | — | — | — | — |
| 2022 | $762,438 | — | — | — | — |