Plan Snapshot
- Plan Sponsor: Board Of Trustees Of The Painters Union Insurance Fund
- Sponsor EIN: 381428364
- Sponsor Address: 26877 NORTHWESTERN HWY, SOUTHFIELD, MI, 48033
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 739
- Total Assets: $23.7M
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. |
|---|---|---|---|---|
| 2024 | 739 | $23.7M | $12.9M | $1.0M |
| 2023 | 794 | $21.4M | $12.0M | $1.1M |
| 2022 | 798 | $19.2M | $0 | $0 |
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 |
|---|---|---|---|---|
| DAVID DUFFY CPA PLLC | Other Service Provider | $232,183 | — | $232,183 |
| GRAYSTONE CONSULTING (MSSB) | Other Service Provider | $143,939 | — | $143,939 |
| FINKEL WHITEFIELD FELDMAN | Other Service Provider | $99,543 | — | $99,543 |
| GREGORY KAZMIERSKI | Other Service Provider | $71,746 | — | $71,746 |
| MICHELLE M ZACNY | Other Service Provider | $50,834 | — | $50,834 |
| ELINA R. HARRIS | Other Service Provider | $42,970 | — | $42,970 |
| PAMELA J. FARNSWORTH | Other Service Provider | $31,919 | — | $31,919 |
| KYLE W. HARVEY | Other Service Provider | $31,675 | — | $31,675 |
| KELLY MEEKER | Other Service Provider | $31,564 | — | $31,564 |
| STEFANIE A. BREWER | Other Service Provider | $31,479 | — | $31,479 |
| SEGAL SELECT INSURANCE SERVICES, IN | Other Service Provider | $28,465 | — | $28,465 |
| BUCK CONSULTANTS | Other Service Provider | $19,855 | — | $19,855 |
| AMERICAN HEALTH HOLDING, INC. | Other Service Provider | $11,231 | — | $11,231 |
| JP MORGAN | Other Service Provider | $5,601 | — | $5,601 |
| PRINTED BUSINESS PRODUCTS LLC | Other Service Provider | $5,464 | — | $5,464 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $838,468
- Estimated Expense Ratio: 3.533% 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 | $1,174,325 | $135,479 | — | $232,183 | — |
| 2023 | $1,039,159 | $42,376 | — | $109,428 | — |
| 2022 | $10,854,787 | $83,454 | — | $76,739 | — |