Plan Snapshot
- Plan Sponsor: Mike Kelly Chevrolet, INC.
- Sponsor EIN: 251059734
- Sponsor Address: 252 PITTSBURGH RD, BUTLER, PA, 16002
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 66
- Total Assets: $2,251
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 | 66 | $2,251 | $612,833 | $372,100 |
| 2023 | 50 | $8,487 | $362,001 | $326,021 |
| 2022 | 59 | $11,993 | $293,785 | $269,534 |
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 |
|---|---|---|---|---|
| ENGLE-HAMBRIGHT & DAVIES, INC | Investment Advisor | $29,483 | — | $29,483 |
| THE BENECON GROUP | Investment Advisor | $19,958 | — | $19,958 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $49,441
- Estimated Expense Ratio: 2196.402% 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 | $1,017,932 | — | — | — | — |
| 2023 | $546,060 | — | — | — | — |
| 2022 | $806,484 | — | — | — | — |