# Board Of Trustees Of Southern Painters Welfare Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-of-southern-painters-welfare-fund-581910292-501

> Board Of Trustees Of Southern Painters Welfare Fund's Health & Welfare plan: 1,958 participants, plan year 2024 financials, providers, and benchmarks from Fo…

Form 5500 filing data for plan year 2024.

## 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:** Health & Welfare

- **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](https://planprovider.pro/provider/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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/board-of-trustees-of-southern-painters-welfare-fund-581910292-501)

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