Plan Snapshot
- Plan Sponsor: Safe Aire Heating And Cooling Company, INC.
- Sponsor EIN: 581132811
- Sponsor Address: 3199 PALMYRA ROAD, ALBANY, GA, 31707
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 69
- Total Assets: $5,793
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 | 69 | $5,793 | $636,484 | $181,548 |
| 2023 | 73 | $41,428 | $456,391 | $155,976 |
| 2022 | 72 | $12,514 | $187,734 | $90,989 |
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 | Investment Advisor | $21,997 | — | $21,997 |
| MARSH & MCLENNAN AGENCY, LLC | Investment Advisor | $21,525 | — | $21,525 |
| MERITAIN HEALTH, AN AETNA COMPANY | Other Service Provider | $9,529 | — | $9,529 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $53,051
- Estimated Expense Ratio: 915.778% 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 | $596,122 | — | — | — | — |
| 2023 | $821,529 | — | — | — | — |
| 2022 | $272,414 | — | — | — | — |