Plan Snapshot
- Plan Sponsor: Schiffs Food Service, INC.
- Sponsor EIN: 232623564
- Sponsor Address: 7 STAUFFER INDUSTRIAL PARK, TAYLOR, PA, 18517
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 84
- Total Assets: $154,293
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 | 84 | $154,293 | $0 | $0 |
| 2024 | 64 | $92,955 | $599,416 | $139,637 |
| 2023 | 46 | $23,385 | $471,182 | $129,855 |
| 2022 | 41 | $8,790 | $314,102 | $119,504 |
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 | $58,862 | — | $58,862 |
| CUMMINGS INSURANCE AGENCY | Investment Advisor | $19,317 | — | $19,317 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $78,179
- Estimated Expense Ratio: 50.669% 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 | $979,370 | — | — | — | — |
| 2024 | $596,674 | — | — | — | — |
| 2023 | $603,776 | — | — | — | — |
| 2022 | $539,611 | — | — | — | — |