Plan Snapshot
- Plan Sponsor: Movers Specialty Service, INC.
- Sponsor EIN: 232203850
- Sponsor Address: 211 COMMERCE DRIVE, MONTGOMERYVILLE, PA, 18936
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 155
- Total Assets: $562,076
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 | 155 | $562,076 | $2.1M | $857,113 |
| 2023 | 156 | $688,908 | $2.3M | $885,584 |
| 2022 | 183 | $998,492 | $1.9M | $796,754 |
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 |
|---|---|---|---|---|
| STERLING BENEFITS LLC | Investment Advisor | $86,016 | — | $86,016 |
| THE BENECON GROUP | Investment Advisor | $29,795 | — | $29,795 |
| CONNECTCARE3 | Other Service Provider | $9,696 | — | $9,696 |
| INDEPENDENCE ADMINISTRATORS (IA) | Other Service Provider | $5,826 | — | $5,826 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $131,333
- Estimated Expense Ratio: 23.366% 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 | $883,950 | $39,491 | $98,008 | — | — |
| 2023 | $905,761 | $36,552 | $165,850 | — | — |
| 2022 | $823,845 | $42,590 | $168,711 | — | — |