Plan Snapshot
- Plan Sponsor: Varner Systems INC
- Sponsor EIN: 475063129
- Sponsor Address: 3164 OREGON PIKE, LEOLA, PA, 17540
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 17
- Total Assets: $25,197
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 | 17 | $25,197 | $211,290 | $27,199 |
| 2023 | 20 | $28,684 | $179,036 | $39,236 |
| 2022 | 25 | $41,408 | $164,230 | $33,931 |
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 |
|---|---|---|---|---|
| E.K. MCCONKEY & CO., INC | Investment Advisor | $7,378 | — | $7,378 |
| THE BENECON GROUP | Investment Advisor | $6,379 | — | $6,379 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,757
- Estimated Expense Ratio: 54.598% 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 | $239,252 | — | — | — | — |
| 2023 | $198,170 | — | — | — | — |
| 2022 | $208,631 | — | — | — | — |