Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Southern Painters Welfare Fund
- Sponsor EIN: 581910292
- Sponsor Address: 5 HOT METAL STREET, PITTSBURGH, PA, 15203
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,958
- Total Assets: $41.8M
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 | 1,958 | $41.8M | $25.2M | $140,540 |
| 2023 | 2,118 | $33.0M | $26.4M | $325,238 |
| 2022 | 1,495 | $25.9M | $23.7M | $563,961 |
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 |
|---|---|---|---|---|
| HIGHMARK | Other Service Provider | $932,021 | — | $932,021 |
| SOUTHERN BENEFIT ADMINISTRATORS INC | Other Service Provider | $432,000 | — | $432,000 |
| EXPRESS SCRIPTS INC | Other Service Provider | $247,464 | — | $247,464 |
| ROBEIN,URANN,SPENCER,PICARD&CANGEMI | Other Service Provider | $126,490 | — | $126,490 |
| NOVAK FRANCELLA, LLC | Auditor | $104,875 | — | $104,875 |
| THE SEGAL COMPANY | Other Service Provider | $81,962 | — | $81,962 |
| HIGHLAND CAPITAL | Other Service Provider | $67,142 | — | $67,142 |
| HEALTHLINX, LLC | Other Service Provider | $60,075 | — | $60,075 |
| PNC BANK | Other Service Provider | $26,596 | — | $26,596 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,078,625
- Estimated Expense Ratio: 4.971% 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 | $2,177,405 | $67,142 | $432,840 | $36,014 | — |
| 2023 | $2,166,016 | $38,138 | $406,000 | $109,469 | — |
| 2022 | $1,788,051 | $22,638 | $348,000 | — | $321,655 |