Plan Snapshot
- Plan Sponsor: Simpson Senior Services, INC.
- Sponsor EIN: 232948991
- Sponsor Address: 150 MONUMENT ROAD, BALA CYNWYD, PA, 19004
- Plan Type: 403(b)
- Total Participants: 570
- Total Assets: $11.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 570 | $11.5M | $433,182 | $910,415 |
| 2023 | 549 | $9.5M | $360,054 | $844,993 |
| 2022 | 518 | $7.8M | $393,135 | $765,951 |
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 |
|---|---|---|---|---|
| IVC WEALTH ADVISORS, LLC | Investment Advisor | $41,624 | — | $41,624 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $32,187 | — | $32,187 |
| DELAWARE VALLEY RETIREMENT, INC. | Other Service Provider | $19,022 | $10,290 | $29,312 |
| BAKER TILLY VIRCHOW KRAUSE LLP | Other Service Provider | $6,335 | — | $6,335 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $109,458
- Estimated Expense Ratio: 0.953% 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 | $83,465 | — | — | — | — |
| 2023 | $63,369 | — | — | — | — |
| 2022 | $41,409 | — | — | — | — |