Plan Snapshot
- Plan Sponsor: World Electronics Sales & Service, INC.
- Sponsor EIN: 232196733
- Sponsor Address: 3000 KUTZTOWN ROAD, READING, PA, 19605
- Plan Type: Health & Welfare
- Plan Number: 506
- Total Participants: 81
- Total Assets: $224,614
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 | 81 | $224,614 | $0 | $0 |
| 2024 | 84 | $61,515 | $1.0M | $31,722 |
| 2023 | 90 | $98,877 | $1.0M | $23,600 |
| 2022 | 85 | $105,716 | $831,019 | $22,400 |
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 | $74,566 | — | $74,566 |
| PATRIOT (POWER-KUNKLE GROUP, INC.) | Investment Advisor | $34,121 | — | $34,121 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $108,687
- Estimated Expense Ratio: 48.388% 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 | $906,935 | — | — | — | — |
| 2024 | $1,401,425 | — | — | — | — |
| 2023 | $1,125,308 | — | — | — | — |
| 2022 | $797,808 | — | — | — | — |