# Asbestos Workers Local Union No 55 DB Plan
Source: https://planprovider.pro/companies/asbestos-workers-local-union-no-55-plan

> Asbestos Workers Local Union No 55's DB plan: 45 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| CERESA M FRENKEL PC|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### 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|

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