Plan Snapshot
- Plan Sponsor: Paramount Contracting INC
- Sponsor EIN: 202574989
- Sponsor Address: 219 WITMER RD, LANCASTER, PA, 17602
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 77
- Total Assets: $42,469
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 | 77 | $42,469 | $481,517 | $309,256 |
| 2023 | 74 | $123,863 | $468,981 | $304,168 |
| 2022 | 86 | $62,772 | $447,880 | $328,536 |
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 |
|---|---|---|---|---|
| ASSURED PARTNERS (CENTRAL PA) | Investment Advisor | $30,063 | — | $30,063 |
| THE BENECON GROUP, LLC | Investment Advisor | $23,276 | — | $23,276 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $53,339
- Estimated Expense Ratio: 125.595% 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 | $956,004 | — | — | — | — |
| 2023 | $631,720 | — | — | — | — |
| 2022 | $826,278 | — | — | — | — |