Plan Snapshot
- Plan Sponsor: Board Of Trustees Plumbers And Pipefitters Local 553 Health & Welfare
- Sponsor EIN: 370695761
- Sponsor Address: 2 SOUTH WESLEY DRIVE, EAST ALTON, IL, 620242031
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 263
- Total Assets: $7.0M
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 | 263 | $7.0M | $3.0M | $264,886 |
| 2023 | 250 | $7.0M | $2.8M | $291,133 |
| 2022 | 209 | $8.7M | $2.8M | $330,362 |
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 |
|---|---|---|---|---|
| BRADLEY BEST | Other Service Provider | $125,070 | — | $125,070 |
| GROUP ADMINISTRATORS, LTD. | Other Service Provider | $102,180 | — | $102,180 |
| MERYL KEENAN | Other Service Provider | $51,896 | — | $51,896 |
| MARSH & MCLENNAN AGENCY | Investment Advisor | $22,758 | — | $22,758 |
| MORICE LIST & ASSOC. LLC | Other Service Provider | $19,500 | — | $19,500 |
| ANDERS MINKLER HUBER & HELM LLP | Auditor | $15,000 | — | $15,000 |
| HAMMOND & SHINNERS, PC | ERISA Attorney | $8,523 | — | $8,523 |
| SEGAL SELECT INSURANCE | Other Service Provider | $7,809 | — | $7,809 |
| EKON BENEFITS | Other Service Provider | $6,710 | — | $6,710 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MARSH & MCLENNAN AGENCY — Investment Advisor
- ANDERS MINKLER HUBER & HELM LLP — Auditor
- HAMMOND & SHINNERS, PC — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $359,446
- Estimated Expense Ratio: 5.165% 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 | $528,779 | $10,623 | $125,173 | $26,485 | — |
| 2023 | $333,929 | $13,246 | $112,312 | $24,270 | — |
| 2022 | $354,380 | $15,487 | $98,760 | — | $51,034 |