Plan Snapshot
- Plan Sponsor: Philabundance
- Sponsor EIN: 232290505
- Sponsor Address: 3616 SOUTH GALLOWAY STREET, PHILADELPHIA, PA, 19148
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 114
- Total Assets: $275,593
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 | 114 | $275,593 | $1.4M | $332,834 |
| 2023 | 104 | $147,359 | $1.2M | $384,551 |
| 2022 | 133 | $387,976 | $1.5M | $247,460 |
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 (EXUDE, INC.) | Investment Advisor | $60,030 | — | $60,030 |
| THE BENECON GROUP | Investment Advisor | $22,731 | — | $22,731 |
| WITHUMSMITH+BROWN, P.C. | Auditor | $22,000 | — | $22,000 |
| MERITAIN HEALTH, AN AETNA COMPANY | Other Service Provider | $14,584 | — | $14,584 |
| CONNECTCARE3 | Other Service Provider | $6,417 | — | $6,417 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUMSMITH+BROWN, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $125,762
- Estimated Expense Ratio: 45.633% 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 | $125,761 | — | $103,761 | $22,000 | — |
| 2023 | $160,763 | — | $138,763 | $22,000 | — |
| 2022 | $199,551 | — | — | — | $25,000 |