# Bd Of Tr Derrickmens Welfare Fund, Local 197 Health & Welfare Plan
Source: https://planprovider.pro/companies/bd-of-tr-derrickmens-welfare-fund-local-197-136121369-501

> Bd Of Tr Derrickmens Welfare Fund, Local 197's Health & Welfare plan: 140 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/schultheis-and-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|

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