Plan Snapshot
- Plan Sponsor: Simon & Simon, P.C.
- Sponsor EIN: 271330426
- Sponsor Address: 18 CAMPUS BLVD, SUITE 100, NEWTOWN SQUARE, PA, 19073
- Plan Type: 401(k)
- Plan Number: 502
- Total Participants: 111
- Total Assets: $45,901
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 | 111 | $45,901 | $348,217 | $390,793 |
| 2023 | 111 | $36,406 | $328,691 | $377,907 |
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 |
|---|---|---|---|---|
| ONE DIGITAL PHILADELPHIA | Investment Advisor | $53,360 | — | $53,360 |
| THE BENECON GROUP LLC | Investment Advisor | $25,350 | — | $25,350 |
| INDEPENDENCE ADMINISTRATORS | Other Service Provider | $22,113 | — | $22,113 |
| CONNECTCARE3 | Other Service Provider | $7,497 | — | $7,497 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $108,320
- Estimated Expense Ratio: 235.986% 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 | $107,379 | — | $107,379 | — | — |
| 2023 | $103,024 | — | $103,024 | — | — |