Plan Snapshot
- Plan Sponsor: Providence Engineering Corporation
- Sponsor EIN: 232683461
- Sponsor Address: 10 EISENHOWER BLVD, LANCASTER, PA, 17603
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 60
- Total Assets: $217,941
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 | 60 | $217,941 | $0 | $0 |
| 2024 | 67 | $105,348 | $731,895 | $15,412 |
| 2023 | 72 | $305,175 | $230,332 | $562,241 |
| 2022 | 44 | $139,420 | $27,329 | $22,701 |
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 | $58,552 | — | $58,552 |
| ASSURED PARTNERS (CENTRAL PA) | Investment Advisor | $23,595 | — | $23,595 |
| REVIVEHEALTH, INC. | Other Service Provider | $9,360 | — | $9,360 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,507
- Estimated Expense Ratio: 41.987% 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 | $764,838 | — | — | — | — |
| 2024 | $902,523 | — | — | — | — |
| 2023 | $690,761 | — | — | — | — |
| 2022 | $29,912 | — | — | — | — |