World Electronics Sales & Service, Inc. Group Medical Plan — Form 5500 plan (World Electronics Sales & Service, Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, World Electronics Sales & Service, Inc. Group Medical Plan is a benefit plan reported by World Electronics Sales & Service, Inc. under EIN 23-2196733 and plan number 506. The latest loaded filing year is 2023. The filing reports 85 participants and $98,877 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)-$61KPlan net assets, end of year-$60,972
Participants85Covered participants reported
Assets / participant$1.2KComputed: assets ÷ participants$1,163 (computed)
Provider compensation$68.8K4 Schedule C provider row(s)$68,756
- Plan sponsor
- World Electronics Sales & Service, Inc.
- EIN
- 23-2196733
- Plan number
- 506
- Plan type
- 2
- Location
- Reading, PA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 85 | I, C | 20240614114036NAL0016917859001 |
Schedule I · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$98.9K total assets
Net assets-$61KLiabilities$159.8K
Full reported line items
Net assets
- Total assets (EOY)
- $98,877
- Total liabilities (EOY)
- $159,849
- Net assets (EOY)
- -$60,972
- Net assets (BOY)
- -$1,622
Income & contributions
- Employer contributions
- $1,038,214
- Participant contributions
- $23,600
- Total income / additions
- $1,065,958
Expenses & distributions
- Benefits paid
- $746,988
- Administrative expenses
- $6,390
- Total expenses
- $1,125,308
- Net increase / (decrease)
- -$59,350
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
98%
Employer 98%Participant 2%
Benefits paid ÷ total income70%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Patriot (Power-Kunkle Group, Inc.) | BROKER | $35,944 | not reported in the loaded dataset | 2023 |
| The Benecon Group, LLC | BROKER | $20,607 | not reported in the loaded dataset | 2023 |
| Capital Bluecross | ADMIN | $6,390 | not reported in the loaded dataset | 2023 |
| Connectcare3, LLC | PATIENT ADVOCATE | $5,815 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for World Electronics Sales & Service, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in PA
- 401(k) and benefit plan filings in Reading, PA
- Patriot (Power-Kunkle Group, Inc.) — Schedule C compensation
- The Benecon Group, LLC — Schedule C compensation
- Capital Bluecross — Schedule C compensation
- Connectcare3, LLC — Schedule C compensation