Plan Snapshot
- Plan Sponsor: Bd Of Tr Derrickmens Welfare Fund, Local 197
- Sponsor EIN: 136121369
- Sponsor Address: 1040 AVENUE OF THE AMERICAS, 24TH F, NEW YORK CITY, NY, 10018
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 140
- Total Assets: $3.7M
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 | 140 | $3.7M | $1.3M | $2.1M |
| 2023 | 186 | $4.7M | $1.7M | $3.2M |
| 2022 | 183 | $4.8M | $1.3M | $2.1M |
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 |
|---|---|---|---|---|
| SCHULTHEIS & PANETTIERI, LLP | Auditor | $73,474 | — | $73,474 |
| DANIEL H. COOK ASSOCIATES, INC | Other Service Provider | $72,310 | — | $72,310 |
| COLLERAN, O'HARA & MILLS, LLP | ERISA Attorney | $27,664 | — | $27,664 |
| THE SEGAL CO. (EASTERN STATES), INC | Other Service Provider | $24,482 | — | $24,482 |
| LAW OFFICE OF STEVEN N. DAVI, PLLC | Other Service Provider | $11,500 | — | $11,500 |
| WELLS FARGO ADVISORS, LLC | Other Service Provider | $6,000 | — | $6,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHULTHEIS & PANETTIERI, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $215,430
- Estimated Expense Ratio: 5.758% 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 | $258,254 | $6,000 | $72,310 | $50,000 | — |
| 2023 | $267,446 | $6,000 | $70,666 | $48,000 | — |
| 2022 | $225,712 | $5,778 | $65,736 | — | $125,767 |