Plan Snapshot
- Plan Sponsor: Premployer, INC. Welfare Benefit Plan
- Sponsor EIN: 582471604
- Sponsor Address: 5855 W MAIN STREET, DOTHAN, AL, 36305
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 906
- Total Assets: $0
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 | 906 | $0 | $0 | $0 |
| 2023 | 985 | $654,485 | $6.0M | $2.6M |
| 2022 | 1,007 | $672,897 | $6.1M | $2.5M |
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 |
|---|---|---|---|---|
| BLUE CROSS AND BLUE SHIELD OF AL | Other Service Provider | $707,769 | — | $707,769 |
| MEDONE, LC | Recordkeeper | $154,760 | — | $154,760 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $862,529
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 | — | — | — | — | — |
| 2023 | $1,244,511 | — | — | — | — |
| 2022 | $1,018,071 | — | — | — | — |