# Varner Systems INC 401(k) Plan
Source: https://planprovider.pro/companies/varner-systems-inc-475063129-501

> Varner Systems INC's 401(k) plan: 17 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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