Plan Snapshot
- Plan Sponsor: West Reading Radiology Associates
- Sponsor EIN: 231732947
- Sponsor Address: 301 S. 7TH AVENUE, READING, PA, 19611
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 32
- Total Assets: $69,060
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 | 32 | $69,060 | $0 | $0 |
| 2024 | 34 | $103,063 | $809,762 | $0 |
| 2023 | 32 | $19,102 | $670,125 | $0 |
| 2022 | 31 | $84,501 | $517,402 | $0 |
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, LLC | Investment Advisor | $50,007 | — | $50,007 |
| STERLING BENEFITS, LLC | Investment Advisor | $15,560 | — | $15,560 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,567
- Estimated Expense Ratio: 94.942% 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 | $1,009,588 | — | — | — | — |
| 2024 | $687,054 | — | — | — | — |
| 2023 | $705,712 | — | — | — | — |
| 2022 | $480,413 | — | — | — | — |