Plan Snapshot
- Plan Sponsor: William H. Porter, INC.
- Sponsor EIN: 510069458
- Sponsor Address: 414 EAST CLEVELAND AVENUE, NEWARK, DE, 19711
- Plan Type: 401(k)
- Plan Number: 502
- Total Participants: 93
- Total Assets: $31,451
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 | 93 | $31,451 | $729,798 | $680,862 |
| 2023 | 90 | $64,636 | $498,483 | $563,301 |
| 2022 | 53 | $274,076 | $578,331 | $699,488 |
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 | $18,262 | — | $18,262 |
| CONNECTCARE3 | Other Service Provider | $6,344 | — | $6,344 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,606
- Estimated Expense Ratio: 78.236% 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 | $1,621,731 | — | — | — | — |
| 2023 | $364,237 | $21,942 | $21,247 | — | — |
| 2022 | $467,647 | $31,804 | $35,381 | — | — |