Plan Snapshot
- Plan Sponsor: The Mennonite Home
- Sponsor EIN: 231413689
- Sponsor Address: 1520 HARRISBURG PIKE, LANCASTER, PA, 17601
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 564
- Total Assets: $24.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 564 | $24.5M | $985,863 | $1.1M |
| 2023 | 462 | $20.0M | $758,102 | $918,885 |
| 2022 | 429 | $17.1M | $722,093 | $830,579 |
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 |
|---|---|---|---|---|
| LPL FINANCIAL RPCP | Investment Advisor | $41,972 | — | $41,972 |
| ASCENSUS LLC | Recordkeeper | $33,637 | $24 | $33,661 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,633
- Estimated Expense Ratio: 0.309% 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 | $70,704 | — | $70,704 | — | — |
| 2023 | $62,909 | — | $62,909 | — | — |
| 2022 | $63,573 | — | $63,573 | — | — |