Plan Snapshot
- Plan Sponsor: Bd Of Tees Of Steamfitters Lu 420 Welfare Plan
- Sponsor EIN: 232715454
- Sponsor Address: 14420 TOWNSEND ROAD, SUITE B, PHILADELPHIA, PA, 191541028
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 2,856
- Total Assets: $235.3M
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 | 2,856 | $235.3M | $76.7M | $16.0M |
| 2023 | 2,801 | $224.2M | $77.0M | $17.2M |
| 2022 | 2,757 | $204.8M | $74.5M | $15.2M |
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 |
|---|---|---|---|---|
| INDEPENDENCE BLUE CROSS | Other Service Provider | $2,302,309 | — | $2,302,309 |
| GUARDIAN NURSES HEALTHCARE ADVOCATE | Other Service Provider | $445,584 | — | $445,584 |
| ZENITH AMERICAN SOLUTIONS,INC | Other Service Provider | $375,797 | — | $375,797 |
| SAGE ADVISORY SERVICES, LTD CO. | Other Service Provider | $148,514 | — | $148,514 |
| CONNER STRONG & BUCKELEW | Other Service Provider | $126,750 | — | $126,750 |
| DANIEL A. WINTERS & COMPANY, CPAS | Auditor | $108,536 | — | $108,536 |
| EMPLOYEE A | Recordkeeper | $85,053 | — | $85,053 |
| UNITED CONCORDIA COMPANIES INC | Other Service Provider | $83,694 | — | $83,694 |
| ALLIED TRADES ASSISTANCE PROGRAM | Other Service Provider | $75,260 | — | $75,260 |
| HELPSCRIPT LLC | Other Service Provider | $70,569 | — | $70,569 |
| EMPLOYEE B | Recordkeeper | $70,007 | — | $70,007 |
| KENNEDY PRINTING CO., INC. | Other Service Provider | $68,627 | — | $68,627 |
| CLEARY, JOSEM & TRIGIANI, LLP | Other Service Provider | $53,974 | — | $53,974 |
| AIM ADMINISTRATORS LLC | Other Service Provider | $52,500 | — | $52,500 |
| STEAMFITTERS LU 420 BUILDING FUND | Other Service Provider | $44,762 | — | $44,762 |
| KANG HAGGERTY & FETBROYT | Other Service Provider | $42,613 | — | $42,613 |
| EMPLOYEE C | Recordkeeper | $30,679 | — | $30,679 |
| EMPLOYEE D | Recordkeeper | $30,520 | — | $30,520 |
| MANIFESTO HEALTH | Other Service Provider | $26,148 | — | $26,148 |
| NATIONAL VISION ADMINISTRATORS LLC | Other Service Provider | $22,241 | — | $22,241 |
| MORGAN STANLEY WEALTH MGMT | Other Service Provider | $19,096 | — | $19,096 |
| CBIZ RETIREMENT PLAN SERVICES | Other Service Provider | $18,000 | — | $18,000 |
| PNC BANK, N.A. | Other Service Provider | $14,899 | — | $14,899 |
| XPAN LAW PARTNERS LLC | Other Service Provider | $5,000 | — | $5,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DANIEL A. WINTERS & COMPANY, CPAS — Auditor
- EMPLOYEE A — Recordkeeper
- EMPLOYEE B — Recordkeeper
- EMPLOYEE C — Recordkeeper
- EMPLOYEE D — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,321,132
- Estimated Expense Ratio: 1.836% 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 | $4,416,293 | $276,368 | $2,570,291 | $75,927 | — |
| 2023 | $4,361,826 | $275,066 | $2,585,511 | $75,180 | — |
| 2022 | $3,812,244 | $278,224 | $2,319,073 | — | $501,096 |