Plan Snapshot
- Plan Sponsor: Bd Of Tees Of Scholarship Fd Of Steamfitters Lu 420
- Sponsor EIN: 236919093
- Sponsor Address: 14420 TOWNSEND ROAD, SUITE A, PHILADELPHIA, PA, 19154
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 2,398
- Total Assets: $995,830
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 | 2,398 | $995,830 | $0 | $215,602 |
| 2023 | 2,851 | $843,117 | $0 | $223,285 |
| 2022 | 2,454 | $716,068 | $0 | $207,882 |
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 |
|---|---|---|---|---|
| DREXELBROOK CATERING & EVENT CENTER | Other Service Provider | $79,805 | — | $79,805 |
| HARRY BROWN - MASQUERADE ENTERTAINM | Other Service Provider | $7,500 | — | $7,500 |
| KENNEDY PRINTING CO., INC. | Other Service Provider | $5,484 | — | $5,484 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $92,789
- Estimated Expense Ratio: 9.318% 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 | $104,987 | — | — | — | — |
| 2023 | $151,272 | — | — | $16,530 | — |
| 2022 | $159,034 | — | — | — | $30,416 |