Plan Snapshot
- Plan Sponsor: Abatement Workers National Health And Welfare Fund
- Sponsor EIN: 383023611
- Sponsor Address: 700 TOWER DRIVE SUITE 300, TROY, MI, 480982808
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 309
- Total Assets: $8.2M
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 | 309 | $8.2M | $7.1M | $210,280 |
| 2023 | 355 | $7.1M | $7.3M | $122,038 |
| 2022 | 335 | $5.3M | $7.8M | $143,145 |
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 |
|---|---|---|---|---|
| BENESYS, INC | Other Service Provider | $182,216 | — | $182,216 |
| NOVARA LAW | Other Service Provider | $120,917 | — | $120,917 |
| RAEL & LETSON INC | Other Service Provider | $65,124 | — | $65,124 |
| WRUBEL WESLEY | Other Service Provider | $20,700 | — | $20,700 |
| DELTA DENTAL OF MICHIGAN | Other Service Provider | $15,517 | — | $15,517 |
| STEFANSKY HOLLOWAY & NICHOLS | Other Service Provider | $14,447 | — | $14,447 |
| THE SEGAL COMPANY | Other Service Provider | $7,108 | — | $7,108 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $426,029
- Estimated Expense Ratio: 5.194% 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 | $464,664 | — | $148,940 | $20,700 | — |
| 2023 | $434,846 | — | $147,686 | $20,675 | — |
| 2022 | $445,988 | — | $143,464 | — | $163,711 |