Plan Snapshot
- Plan Sponsor: Morningstar Senior Living, INC.
- Sponsor EIN: 222717623
- Sponsor Address: 175 WEST NORTH STREET, NAZARETH, PA, 18064
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 131
- Total Assets: $1.4M
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 | 131 | $1.4M | $2.5M | $366,198 |
| 2023 | 150 | $830,096 | $1.9M | $367,376 |
| 2022 | 157 | $856,584 | $1.1M | $184,880 |
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 |
|---|---|---|---|---|
| UNIMERICA INSURANCE COMPANY | Other Service Provider | $784,042 | — | $784,042 |
| LR WEBBER ASSOCIATES | Other Service Provider | $37,277 | — | $37,277 |
| HIGHMARK | Other Service Provider | $24,300 | — | $24,300 |
| THE BENECON GROUP | Other Service Provider | $22,724 | — | $22,724 |
| CONNECTCARE3 | Other Service Provider | $6,752 | — | $6,752 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $875,095
- Estimated Expense Ratio: 61.454% 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 | $875,096 | $45,464 | $31,053 | — | — |
| 2023 | $754,733 | $45,576 | $6,967 | — | — |
| 2022 | $356,574 | $22,764 | $2,894 | — | — |