Plan Snapshot
- Plan Sponsor: Vision Mechancial, INC.
- Sponsor EIN: 233041785
- Sponsor Address: 135 JUNIATA STREET, WEST READING, PA, 19611
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 55
- Total Assets: $23,484
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. |
|---|---|---|---|---|
| 2025 | 55 | $23,484 | $0 | $0 |
| 2024 | 42 | $13,634 | $313,616 | $12,330 |
| 2023 | 31 | $9,308 | $14,527 | $9,971 |
| 2022 | 26 | $40,022 | $140,196 | $109,835 |
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 |
|---|---|---|---|---|
| THE BENECON GROUP | Investment Advisor | $36,869 | — | $36,869 |
| TOMPKINS INSURANCE | Investment Advisor | $15,972 | — | $15,972 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $52,841
- Estimated Expense Ratio: 225.009% 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 |
|---|---|---|---|---|---|
| 2025 | $482,268 | — | — | — | — |
| 2024 | $344,752 | — | — | — | — |
| 2023 | $56,207 | — | — | — | — |
| 2022 | $267,880 | — | — | — | — |