Plan Snapshot
- Plan Sponsor: Asbestos Workers Local Union No 55
- Sponsor EIN: 630474674
- Sponsor Address: 908 BUTLER DR, MOBILE, AL, 366935106
- Plan Type: DB
- Total Participants: 45
- Total Assets: $14.6M
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 | 45 | $14.6M | $488,733 | $0 |
| 2023 | 55 | $13.7M | $475,669 | $0 |
| 2022 | 50 | $12.3M | $536,784 | $0 |
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 |
|---|---|---|---|---|
| HIGHLAND CAPITAL MANAGEMENT | Other Service Provider | $46,650 | — | $46,650 |
| WELLS FARGO | Investment Advisor | $45,616 | — | $45,616 |
| OSBORN, CARREIRO & ASSOCIATES | Actuary | $18,000 | — | $18,000 |
| CERESA M FRENKEL PC | Other Service Provider | $10,000 | — | $10,000 |
| BENEFIT RESOURCES INC | Recordkeeper | $9,000 | — | $9,000 |
| LOPER LAW LLC | ERISA Attorney | $8,220 | — | $8,220 |
| COMPUSYS OF UTAH | Recordkeeper | $6,230 | — | $6,230 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $143,716
- Estimated Expense Ratio: 0.984% 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 | $183,720 | $92,266 | $15,875 | — | — |
| 2023 | $174,049 | $83,986 | $10,680 | — | — |
| 2022 | $189,601 | $88,290 | $10,680 | — | $50,140 |