Plan Snapshot
- Plan Sponsor: M.P.N., INC.
- Sponsor EIN: 232462361
- Sponsor Address: 3675 AMBER STREET, PHILADELPHIA, PA, 19134
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 91
- Total Assets: $5,059
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 | 91 | $5,059 | $863,538 | $325,302 |
| 2023 | 95 | $12,807 | $794,631 | $298,577 |
| 2022 | 93 | $270,785 | $602,886 | $286,710 |
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 |
|---|---|---|---|---|
| ONEDIGITAL (PHILADELPHIA) | Investment Advisor | $49,410 | — | $49,410 |
| THE BENECON GROUP, LLC | Investment Advisor | $23,405 | — | $23,405 |
| INDEPENDENCE ADMINISTRATORS (IA) | Other Service Provider | $17,435 | — | $17,435 |
| CONNECTCARE3, LLC | Other Service Provider | $6,171 | — | $6,171 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $96,421
- Estimated Expense Ratio: 1905.930% 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 | $1,331,687 | — | — | — | — |
| 2023 | $1,160,070 | — | — | — | — |
| 2022 | $965,505 | — | — | — | — |