Plan Snapshot
- Plan Sponsor: The Health Federation Of Philadelphia
- Sponsor EIN: 232244355
- Sponsor Address: 123 SOUTH BROAD STREET, PHILADELPHIA, PA, 19109
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 299
- Total Assets: $1.7M
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 | 299 | $1.7M | $5.1M | $596,503 |
| 2023 | 290 | $673,103 | $2.6M | $1.5M |
| 2022 | 276 | $818,487 | $3.2M | $773,998 |
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 |
|---|---|---|---|---|
| PATRIOT (EXUDE, INC.) | Investment Advisor | $170,614 | — | $170,614 |
| MERITAIN HEALTH, AN AETNA COMPANY | Other Service Provider | $98,029 | — | $98,029 |
| THE BENECON GROUP | Investment Advisor | $73,501 | — | $73,501 |
| CONNECTCARE3 | Other Service Provider | $20,474 | — | $20,474 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $362,618
- Estimated Expense Ratio: 21.745% 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 | $1,539,980 | $93,975 | $268,643 | — | — |
| 2023 | $1,264,755 | — | $240,322 | — | — |
| 2022 | $1,134,104 | $93,976 | $259,236 | — | — |