# Board Of Trustees Of Plumbers And Pipefitters Local 123 Welfare Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-of-plumbers-and-pipefitters-local-123-welfare-fund-596134275-501

> Board Of Trustees Of Plumbers And Pipefitters Local 123 Welfare Fund's Health & Welfare plan: 587 participants, plan year 2025 financials, providers, and ben…

Form 5500 filing data for plan year 2025.

## 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|

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