Plan Snapshot
- Plan Sponsor: Nittany Oil Company, INC.
- Sponsor EIN: 251753726
- Sponsor Address: 321 NORTH FRONT ST, PHILIPSBURG, PA, 16866
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 70
- Total Assets: $10,765
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 | 70 | $10,765 | $616,245 | $210,853 |
| 2023 | 86 | $14,921 | $520,420 | $247,504 |
| 2022 | 89 | $38,025 | -$216,742 | $285,617 |
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 |
|---|---|---|---|---|
| ENGLE-HAMBRIGHT & DAVIES, INC. | Investment Advisor | $23,580 | — | $23,580 |
| THE BENECON GROUP | Investment Advisor | $18,342 | — | $18,342 |
| CONNECTCARE3 | Other Service Provider | $5,105 | — | $5,105 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $47,027
- Estimated Expense Ratio: 436.851% 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 | $773,229 | — | — | — | — |
| 2023 | $1,119,149 | — | — | — | — |
| 2022 | $30,850 | — | — | — | — |