Plan Snapshot
- Plan Sponsor: 1978 Retired Construction Workers Benefit Trust
- Sponsor EIN: 550583589
- Sponsor Address: 141 SUMMERS STREET, CHARLESTON, WV, 25301
- Plan Type: 401(k)
- Plan Number: 502
- Total Participants: 593
- Total Assets: $21.5M
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 | 593 | $21.5M | $109,718 | $5.4M |
| 2023 | 607 | $18.7M | $120,161 | $5.8M |
| 2022 | 632 | $16.9M | $141,658 | $6.0M |
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 HEALTH PLAN | Other Service Provider | $105,369 | — | $105,369 |
| SAV- RX | Other Service Provider | $46,195 | — | $46,195 |
| SLEVIN & HART, P.C. | ERISA Attorney | $44,391 | — | $44,391 |
| CALIBRE CPA GROUP, PLLC | Auditor | $27,157 | — | $27,157 |
| CENTURION INSURANCE SERVICES LLC | Other Service Provider | $19,302 | — | $19,302 |
| WILLIAM H. HOWE | Custodian / Trustee | $15,383 | — | $15,383 |
| FRED MARX | Other Service Provider | $15,284 | — | $15,284 |
| DONALD T. BARNETT | Custodian / Trustee | $15,000 | — | $15,000 |
| CHEIRON, INC. | Other Service Provider | $14,300 | — | $14,300 |
| MEDCOM | Other Service Provider | $8,900 | — | $8,900 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SLEVIN & HART, P.C. — ERISA Attorney
- CALIBRE CPA GROUP, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $311,281
- Estimated Expense Ratio: 1.446% 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 | $305,410 | $1,900 | $100,821 | $27,157 | — |
| 2023 | $333,602 | $3,200 | $107,154 | $25,884 | — |
| 2022 | $414,521 | — | $117,515 | — | $205,931 |