Plan Snapshot
- Plan Sponsor: Penn Wood Products, INC.
- Sponsor EIN: 231609684
- Sponsor Address: 102 LOCUST ST, EAST BERLIN, PA, 17316
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 77
- Total Assets: $398,796
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 | $398,796 | $867,806 | $295,738 |
| 2023 | 91 | $171,705 | $850,502 | $283,645 |
| 2022 | 85 | $336,397 | $753,476 | $267,511 |
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 |
|---|---|---|---|---|
| MCCONKEY BENEFITS & FINANCIAL SERV | Investment Advisor | $28,074 | — | $28,074 |
| HIGHMARK | Other Service Provider | $9,290 | — | $9,290 |
| BENEFITMALL | Other Service Provider | $5,809 | — | $5,809 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,173
- Estimated Expense Ratio: 10.826% 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 | $371,498 | — | $44,139 | — | — |
| 2023 | $355,799 | — | $62,799 | — | — |
| 2022 | $335,076 | — | $66,578 | — | — |