Plan Snapshot
- Plan Sponsor: Bargaining Assoc. Steelworkers Local 14614 Health & Welfare Fund
- Sponsor EIN: 556064846
- Sponsor Address: 230 LEXINGTON GREEN CIRCLE, LEXINGTON, KY, 40503
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 507
- Total Assets: $5.3M
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 | 507 | $5.3M | $10.1M | $152,869 |
| 2023 | 446 | $5.3M | $8.8M | $186,560 |
| 2022 | 550 | $5.1M | $7.0M | $196,462 |
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 |
|---|---|---|---|---|
| UMR | Other Service Provider | $149,618 | — | $149,618 |
| HIGHMARK BC BS WEST VIRGINIA | Other Service Provider | $51,219 | — | $51,219 |
| IMA INC. | Other Service Provider | $23,394 | — | $23,394 |
| MORGAN STANLEY SMITH BARNEY LLC | Recordkeeper | $10,418 | — | $10,418 |
| FRANK N HESTAND CPA PSC | Auditor | $9,000 | — | $9,000 |
| JOHN DASCOLI PLLC | Recordkeeper | $5,503 | — | $5,503 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY LLC — Recordkeeper
- FRANK N HESTAND CPA PSC — Auditor
- JOHN DASCOLI PLLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $249,152
- Estimated Expense Ratio: 4.683% 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 | $241,917 | $10,418 | $149,618 | $9,000 | — |
| 2023 | $232,285 | $10,282 | $136,543 | $9,000 | — |
| 2022 | $199,675 | — | $113,699 | — | $43,697 |