Plan Snapshot
- Plan Sponsor: Asbestos Workers Local 42 Pension Fund
- Sponsor EIN: 516011235
- Sponsor Address: PHOENIX BENEFIT ADMINISTRATORS, LLC, SOUTHEASTERN, PA, 193991687
- Plan Type: DB
- Total Participants: 113
- Total Assets: $38.7M
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 | 113 | $38.7M | $3.2M | $0 |
| 2023 | 104 | $36.7M | $3.0M | $0 |
| 2022 | 100 | $36.0M | $2.4M | $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 |
|---|---|---|---|---|
| ZENITH AMERICAN SOLUTIONS INC | Other Service Provider | $62,959 | — | $62,959 |
| INVESTMENT PERFORMANCE SERVICES | Other Service Provider | $50,000 | — | $50,000 |
| WEDGE CAPITAL MANAGEMENT LLP | Other Service Provider | $30,794 | — | $30,794 |
| MCKEOGH COMPANY | Other Service Provider | $30,400 | — | $30,400 |
| AMALGAMATED BANK OF CHICAGO | Other Service Provider | $28,480 | — | $28,480 |
| BACHELER & COMPANY PC | Other Service Provider | $21,193 | — | $21,193 |
| MERANZE KATZ & GAUDIOSO PC | Other Service Provider | $20,005 | — | $20,005 |
| GREAT LAKES ADVISORS | Other Service Provider | $17,531 | — | $17,531 |
| AMALGAMATED BANK (CUSTODIAN) | Other Service Provider | $12,770 | — | $12,770 |
| CHARTWELL INVESTMENT PARTNERS | Other Service Provider | $5,961 | — | $5,961 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $280,093
- Estimated Expense Ratio: 0.723% 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 | $308,350 | $145,535 | $62,959 | $21,193 | — |
| 2023 | $292,427 | $134,309 | $64,901 | $20,945 | — |
| 2022 | $391,829 | $226,915 | $63,086 | — | $70,873 |