Plan Snapshot
- Plan Sponsor: Salzmann Hughes, P.C.
- Sponsor EIN: 251894310
- Sponsor Address: 354 ALEXANDER SPRING ROAD, CARLISLE, PA, 17015
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 32
- Total Assets: $240,393
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 | 32 | $240,393 | $513,643 | $167,336 |
| 2023 | 37 | $154,180 | $420,701 | $111,962 |
| 2022 | 39 | $90,009 | $309,830 | $148,801 |
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 |
|---|---|---|---|---|
| BENEFIT CONNECTIONS, INC. | Investment Advisor | $10,856 | — | $10,856 |
| THE BENECON GROUP | Investment Advisor | $10,789 | — | $10,789 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $21,645
- Estimated Expense Ratio: 9.004% 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 | $608,486 | — | — | — | — |
| 2023 | $498,217 | — | — | — | — |
| 2022 | $480,784 | — | — | — | — |