Plan Snapshot
- Plan Sponsor: Spring City Electrical Manufacturing Company
- Sponsor EIN: 232482511
- Sponsor Address: 1 S. MAIN STREET, SPRING CITY, PA, 19475
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 79
- Total Assets: $218,649
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 | 79 | $218,649 | $0 | $0 |
| 2024 | 70 | $361,413 | $880,933 | $301,985 |
| 2023 | 77 | $476,315 | $1.1M | $100 |
| 2022 | 70 | $197,452 | $926,650 | $307,538 |
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 |
|---|---|---|---|---|
| LEHIGH VALLEY BENEFITS GROUP | Investment Advisor | $37,040 | — | $37,040 |
| THE BENECON GROUP | Investment Advisor | $24,700 | — | $24,700 |
| INDEPENDENCE ADMINISTRATORS (IA) | Other Service Provider | $23,742 | — | $23,742 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $85,482
- Estimated Expense Ratio: 39.096% 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 | $1,580,989 | — | — | — | — |
| 2024 | $1,287,891 | — | — | — | — |
| 2023 | $843,930 | — | — | — | — |
| 2022 | $1,487,414 | — | — | — | — |