Plan Snapshot
- Plan Sponsor: Morris Black & Sons, INC.
- Sponsor EIN: 230412925
- Sponsor Address: 984 MARCON BLVD.,, ALLENTOWN, PA, 18109
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 29
- Total Assets: $53,707
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. |
|---|---|---|---|---|
| 2025 | 29 | $53,707 | $0 | $0 |
| 2024 | 31 | $7,268 | $326,729 | $141,688 |
| 2023 | 36 | $47,849 | $377,036 | $192,734 |
| 2022 | 46 | $4,988 | $28,282 | $17,084 |
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 |
|---|---|---|---|---|
| THE BENECON GROUP, LLC | Investment Advisor | $31,090 | — | $31,090 |
| BSI CORPORATE BENEFITS, LLC | Investment Advisor | $21,966 | — | $21,966 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $53,056
- Estimated Expense Ratio: 98.788% 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 |
|---|---|---|---|---|---|
| 2025 | $525,842 | — | — | — | — |
| 2024 | $450,786 | — | — | — | — |
| 2023 | $556,737 | — | — | — | — |
| 2022 | $32,639 | — | — | — | — |