Plan Snapshot
- Plan Sponsor: Paradise Energy Solutions, LLC
- Sponsor EIN: 263725190
- Sponsor Address: 3105 LINCOLN HIGHWAY EAST, PARADISE, PA, 17562
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 101
- Total Assets: $10,888
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 | 101 | $10,888 | $901,203 | $339,391 |
| 2023 | 105 | $72,597 | $755,706 | $303,008 |
| 2022 | 83 | $18,316 | $589,025 | $236,511 |
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 | $42,187 | — | $42,187 |
| THE BENECON GROUP | Investment Advisor | $23,257 | — | $23,257 |
| HIGHMARK BLUE SHIELD (CENTRAL) | Other Service Provider | $15,787 | — | $15,787 |
| CONNECTCARE3 | Other Service Provider | $6,567 | — | $6,567 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,798
- Estimated Expense Ratio: 806.374% 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 | $1,512,933 | — | — | — | — |
| 2023 | $1,046,395 | — | — | — | — |
| 2022 | $983,054 | — | — | — | — |