Plan Snapshot
- Plan Sponsor: Birmingham P & S Lu 91 Welfare Fund
- Sponsor EIN: 630461410
- Sponsor Address: 3648 9TH AVEUE, N, BIRMINGHAM, AL, 35222
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 372
- Total Assets: $6.4M
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 | 372 | $6.4M | $5.6M | $80,492 |
| 2023 | 328 | $6.1M | $5.0M | $163,123 |
| 2022 | 350 | $5.6M | $4.9M | $149,388 |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD | Other Service Provider | $393,637 | — | $393,637 |
| RENEE WOOD | Other Service Provider | $109,753 | — | $109,753 |
| SAV-RX PRESCRIPTION SERVICES | Other Service Provider | $53,792 | — | $53,792 |
| THE SEGAL COMPANY | Other Service Provider | $37,833 | — | $37,833 |
| QUINN CONNER WEAVER DAVIES & ROUCO | Other Service Provider | $19,166 | — | $19,166 |
| RYAN BENEFITS | Other Service Provider | $15,000 | — | $15,000 |
| POTTER BRYANT & MOORE PC | Other Service Provider | $13,735 | — | $13,735 |
| INTECH HEALTH VENTURES | Other Service Provider | $8,738 | — | $8,738 |
| STANDARD VALUATIONS | Other Service Provider | $8,000 | — | $8,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $659,654
- Estimated Expense Ratio: 10.303% 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 | $787,615 | $10,335 | $447,429 | $13,735 | — |
| 2023 | $707,831 | $9,692 | $368,598 | $13,735 | — |
| 2022 | $688,116 | $10,160 | $388,574 | — | $75,999 |