Plan Snapshot
- Plan Sponsor: Abatement Workers National Vacation Plan
- Sponsor EIN: 383504678
- Sponsor Address: 700 TOWER DRIVE SUITE 300, TROY, MI, 48098
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 528
- Total Assets: $382,057
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 | 528 | $382,057 | $0 | $1.4M |
| 2023 | 609 | $308,526 | $1.5M | $0 |
| 2022 | 651 | $313,537 | $0 | $1.7M |
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 | $9,794 | — | $9,794 |
| NOVARA LAW | Other Service Provider | $8,048 | — | $8,048 |
| WRUBEL WESLEY & CO CPAS | Other Service Provider | $6,700 | — | $6,700 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,542
- Estimated Expense Ratio: 6.424% 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 | $39,737 | — | $9,794 | $6,700 | — |
| 2023 | $37,739 | — | $9,602 | $3,675 | — |
| 2022 | $41,573 | $70 | $9,383 | — | $21,083 |