Plan Snapshot
- Plan Sponsor: Richard S. Burns & Company, INC.
- Sponsor EIN: 232536562
- Sponsor Address: 4300 RISING SUN AVENUE, PHILADELPHIA, PA, 19140
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 54
- Total Assets: $648,193
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 | 54 | $648,193 | $0 | $0 |
| 2024 | 79 | $445,007 | $378,179 | $228,393 |
| 2023 | 58 | $400,979 | $458,855 | $133,952 |
| 2022 | 64 | $322,450 | $415,301 | $132,297 |
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 | $45,281 | — | $45,281 |
| MCGRIFF INSURANCE SERVICES (PA), A | Investment Advisor | $29,385 | — | $29,385 |
| AETNA HEALTH PLANS | Other Service Provider | $18,000 | — | $18,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $92,666
- Estimated Expense Ratio: 14.296% 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 | $462,503 | — | — | — | — |
| 2024 | $576,483 | — | — | — | — |
| 2023 | $524,282 | — | — | — | — |
| 2022 | $568,366 | — | — | — | — |