# Prompton Tool INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/prompton-tool-inc-231694425-501

> Prompton Tool INC.'s Health & Welfare plan: 48 participants, plan year 2025 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2025.

## 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|—|—|—|—|

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