Plan Snapshot
- Plan Sponsor: Board Of Trustees - Bricklayers 7 And Allied Craftsman Local No 7
- Sponsor EIN: 346666798
- Sponsor Address: 3660 STUTZ DRIVE, SUITE 101, CANFIELD, OH, 44406
- Plan Type: DB
- Plan Number: 001
- Total Participants: 52
- Total Assets: $42.1M
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 | 52 | $42.1M | $428,937 | $0 |
| 2023 | 60 | $42.4M | $521,092 | $0 |
| 2022 | 53 | $43.8M | $427,704 | $0 |
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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY | Custodian / Trustee | $201,287 | — | $201,287 |
| UNITED ACTUARIAL SERVICES | Actuary | $51,564 | — | $51,564 |
| MACALA & PIATT | ERISA Attorney | $50,373 | — | $50,373 |
| BENESYS, INC. | Recordkeeper | $46,853 | — | $46,853 |
| YURCHYK & DAVIS CPA'S INC | Auditor | $18,600 | — | $18,600 |
| PBGC PREMIUM | Other Service Provider | $13,875 | — | $13,875 |
| PNC BANK | Other Service Provider | $5,332 | — | $5,332 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $387,884
- Estimated Expense Ratio: 0.921% 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 | $404,659 | — | $45,123 | $18,600 | — |
| 2023 | $610,414 | — | $56,464 | $20,000 | — |
| 2022 | $256,394 | $57,824 | $48,089 | — | $122,603 |