Plan Snapshot
- Plan Sponsor: Michelman Steel Enterprises, INC.
- Sponsor EIN: 453480416
- Sponsor Address: 3135 SCHOENERVILLE RD, BETHLEHEM, PA, 18017
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 42
- Total Assets: $13,022
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 | 42 | $13,022 | $695,790 | $87,197 |
| 2023 | 39 | $23,019 | $549,292 | $65,184 |
| 2022 | 45 | $12,634 | $461,757 | $48,129 |
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 |
|---|---|---|---|---|
| BSI CORPORATE BENEFITS, LLC | Investment Advisor | $30,345 | — | $30,345 |
| THE BENECON GROUP, LLC | Investment Advisor | $11,218 | — | $11,218 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BSI CORPORATE BENEFITS, LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,563
- Estimated Expense Ratio: 319.175% 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 | $806,756 | — | — | — | — |
| 2023 | $626,513 | — | — | — | — |
| 2022 | $525,733 | — | — | — | — |