Plan Snapshot
- Plan Sponsor: Nichino America INC.
- Sponsor EIN: 133952043
- Sponsor Address: 4550 LINDEN HILL RD, STE 501, WILMINGTON, DE, 19808
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 53
- Total Assets: $28,842
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 | 53 | $28,842 | $1.1M | $263,557 |
| 2023 | 49 | $92,276 | $1.1M | $246,207 |
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 |
|---|---|---|---|---|
| IFS BENEFITS, LLC, A DIVISION OF AS | Investment Advisor | $40,390 | — | $40,390 |
| THE BENECON GROUP | Investment Advisor | $14,742 | — | $14,742 |
| HIGHMARK OF DELAWARE | Other Service Provider | $9,717 | — | $9,717 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $64,849
- Estimated Expense Ratio: 224.842% 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 | $1,389,752 | — | — | — | — |
| 2023 | $1,489,690 | — | — | — | — |