# Nichino America INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/nichino-america-inc-133952043-501

> Nichino America INC.'s Health & Welfare plan: 53 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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