Plan Snapshot
- Plan Sponsor: The Pennrose Companies LLC
- Sponsor EIN: 880521680
- Sponsor Address: 1301 NORTH 31ST STREET, PHILADELPHIA, PA, 191214495
- Plan Type: 401(k)
- Plan Number: 502
- Total Participants: 376
- Total Assets: $335,314
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 | 376 | $335,314 | $3.2M | $1.0M |
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 |
|---|---|---|---|---|
| FAIRMOUNT BENEFITS, INC. | Investment Advisor | $118,179 | — | $118,179 |
| THE BENECON GROUP, LLC | Investment Advisor | $57,253 | — | $57,253 |
| INDEPENDANT ADMNISTRATORS (IA) | Other Service Provider | $45,083 | — | $45,083 |
| CONNECTCARE3 | Other Service Provider | $19,872 | — | $19,872 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $240,387
- Estimated Expense Ratio: 71.690% 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 | $1,094,429 | $77,125 | $163,260 | — | — |