Plan Snapshot
- Plan Sponsor: Performance Motors, INC.
- Sponsor EIN: 231717547
- Sponsor Address: 4681 PENN AVENUE, SINKING SPRING, PA, 19608
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 62
- Total Assets: $4,150
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 | 62 | $4,150 | $357,239 | $194,251 |
| 2023 | 57 | $35,908 | $331,591 | $175,637 |
| 2022 | 64 | $46,579 | $290,536 | $173,309 |
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 |
|---|---|---|---|---|
| PATRIOT (POWER-KUNKLE GROUP, INC.) | Investment Advisor | $21,450 | — | $21,450 |
| THE BENECON GROUP | Investment Advisor | $18,422 | — | $18,422 |
| CAPITAL BLUECROSS | Other Service Provider | $7,232 | — | $7,232 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $47,104
- Estimated Expense Ratio: 1135.036% 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 | $601,009 | — | — | — | — |
| 2023 | $478,088 | — | — | — | — |
| 2022 | $487,699 | — | — | — | — |