Plan Snapshot
- Plan Sponsor: Prompton Tool INC.
- Sponsor EIN: 231694425
- Sponsor Address: 120 SUNRISE AVENUE, HONESDALE, PA, 184311034
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 48
- Total Assets: $175,830
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. |
|---|---|---|---|---|
| 2025 | 48 | $175,830 | $0 | $0 |
| 2024 | 41 | $270,960 | $477,416 | $131,560 |
| 2023 | 37 | $210,081 | $461,536 | $125,465 |
| 2022 | 30 | $46,010 | $400,350 | $115,683 |
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 |
|---|---|---|---|---|
| THE BENECON GROUP, LLC | Investment Advisor | $43,291 | — | $43,291 |
| CUMMINGS INSURANCE AGENCY | Investment Advisor | $14,216 | — | $14,216 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $57,507
- Estimated Expense Ratio: 32.706% 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 |
|---|---|---|---|---|---|
| 2025 | $818,212 | — | — | — | — |
| 2024 | $553,408 | — | — | — | — |
| 2023 | $422,102 | — | — | — | — |
| 2022 | $491,925 | — | — | — | — |