Plan Snapshot
- Plan Sponsor: Board Of Trustees Local 318 Health & Welfare Trust Fund
- Sponsor EIN: 135661101
- Sponsor Address: 136 MISSION WAY, BARNEGAT, NJ, 08005
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 237
- Total Assets: $756,883
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 | 237 | $756,883 | $132,428 | $0 |
| 2023 | 244 | $787,188 | $125,636 | $79 |
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 |
|---|---|---|---|---|
| MSPC CERTIFIED PUBLIC ACCOUNTANTS | Auditor | $20,000 | — | $20,000 |
| BUNKER HILL INSURANCE & CONSULTING | Recordkeeper | $19,400 | — | $19,400 |
| ORANSKY, SCARAGGI & BORG, P.C. | ERISA Attorney | $12,000 | — | $12,000 |
| MERRILL LYNCH, PIERCE, FENNER & SMI | Other Service Provider | $11,600 | — | $11,600 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC CERTIFIED PUBLIC ACCOUNTANTS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $63,000
- Estimated Expense Ratio: 8.324% 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 | $72,163 | — | $19,400 | $23,900 | — |
| 2023 | $57,161 | — | $12,037 | $15,467 | — |