Plan Snapshot
- Plan Sponsor: Redstone Presbyterian Seniorcare
- Sponsor EIN: 251729925
- Sponsor Address: 126 MATHEWS STREET, SUITE 2800, GREENSBURG, PA, 15601
- Plan Type: Health & Welfare
- Plan Number: 503
- Total Participants: 149
- Total Assets: $697,719
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 | 149 | $697,719 | $2.0M | $329,266 |
| 2023 | 143 | $272,444 | $1.5M | $324,349 |
| 2022 | 125 | $240,097 | $697,979 | $138,327 |
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 |
|---|---|---|---|---|
| UNIMERICA INSURANCE COMPANY | Other Service Provider | $461,087 | — | $461,087 |
| LUMINARE HEALTH BENEFITS INC | Other Service Provider | $99,903 | — | $99,903 |
| LR WEBBER ASSOCIATES | Other Service Provider | $33,550 | — | $33,550 |
| THE BENECON GROUP | Other Service Provider | $23,805 | — | $23,805 |
| CONNECTCARE3 | Other Service Provider | $7,068 | — | $7,068 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $625,413
- Estimated Expense Ratio: 89.637% 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 | $625,439 | $47,628 | $106,997 | — | — |
| 2023 | $503,632 | $43,764 | $100,224 | — | — |
| 2022 | $221,803 | $20,108 | $43,752 | — | — |