Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Industry & Local 338 Welfare Fund
- Sponsor EIN: 131818220
- Sponsor Address: C/O ASSOCIATED ADMINISTRATORS, LLC, SPARKS, MD, 21152
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 117
- Total Assets: $6.8M
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 | 117 | $6.8M | $2.5M | $0 |
| 2023 | 122 | $6.6M | $2.2M | $0 |
| 2022 | 117 | $7.2M | $2.0M | $3,601 |
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 |
|---|---|---|---|---|
| ASSOCIATED ADMINISTRATORS, LLC | Other Service Provider | $87,564 | — | $87,564 |
| EMPIRE HEALTHCARE ASSURANCE, INC | Other Service Provider | $75,654 | — | $75,654 |
| SCHULTHEIS & PANETTIERI, LLP | Auditor | $62,773 | — | $62,773 |
| EXPRESS SCRIPTS INC | Other Service Provider | $42,800 | — | $42,800 |
| THE SEGAL CO (EASTERN STATES), INC | Other Service Provider | $25,000 | — | $25,000 |
| SEI INVESTMENT MANAGEMENT CORP | Other Service Provider | $16,672 | — | $16,672 |
| KAUFF MCGUIRE & MARGOLIS, LLP | Other Service Provider | $14,680 | — | $14,680 |
| CHEIRON, INC | Other Service Provider | $13,750 | — | $13,750 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHULTHEIS & PANETTIERI, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $338,893
- Estimated Expense Ratio: 4.997% 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 | $239,120 | $16,671 | $87,564 | $36,000 | — |
| 2023 | $218,423 | $17,405 | $84,288 | $36,000 | — |
| 2022 | $249,309 | $18,180 | $81,441 | — | $129,983 |