Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Plumbers And Pipefitters Local 123 Welfare Fund
- Sponsor EIN: 596134275
- Sponsor Address: 8657 BAYPINE ROAD, JACKSONVILLE, FL, 32256
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 587
- Total Assets: $18.7M
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. |
|---|---|---|---|---|
| 2025 | 587 | $18.7M | $0 | $0 |
| 2024 | 546 | $17.3M | $7.1M | $97,074 |
| 2023 | 519 | $15.2M | $6.4M | $80,094 |
| 2022 | 460 | $13.1M | $5.5M | $98,487 |
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 |
|---|---|---|---|---|
| UMR, INC. | Other Service Provider | $332,063 | $1,291 | $333,354 |
| NATIONAL EMPLOYEE BENEFIT ADMINISTR | Other Service Provider | $146,826 | — | $146,826 |
| ACRISURE S. PARTNERS INSUR SERVICES | Other Service Provider | $101,790 | — | $101,790 |
| DREXI RX | Other Service Provider | $101,475 | — | $101,475 |
| MORGAN STANLEY SMITH BARNEY LLC | Other Service Provider | $31,680 | — | $31,680 |
| PLUMBERS AND PIPEFITTERS LOCAL 123 | Other Service Provider | $31,000 | — | $31,000 |
| VENABLE LAW FIRM PA | Other Service Provider | $27,316 | — | $27,316 |
| LEGACY PROFESSIONALS LLP | Other Service Provider | $23,000 | — | $23,000 |
| TOP DRAWER, INC. | Other Service Provider | $21,187 | — | $21,187 |
| TRUIST BANK | Other Service Provider | $5,932 | — | $5,932 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $823,560
- Estimated Expense Ratio: 4.393% 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 |
|---|---|---|---|---|---|
| 2025 | $7,610,445 | $31,680 | $129,132 | $23,000 | — |
| 2024 | $388,094 | $21,610 | $125,424 | $23,000 | — |
| 2023 | $382,071 | $14,903 | $125,424 | $22,500 | — |
| 2022 | $330,388 | $17,768 | $125,424 | — | $111,642 |