Plan Snapshot
- Plan Sponsor: Board Of Trustees Steamfitters Education Local Union 475
- Sponsor EIN: 226033161
- Sponsor Address: 136 MOUNT BETHEL ROAD, WARREN, NJ, 07059
- Plan Type: 401(k)
- Plan Number: 502
- Total Participants: 1,446
- Total Assets: $1.8M
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 | 1,446 | $1.8M | $935,049 | $0 |
| 2023 | 1,440 | $2.1M | $943,617 | $0 |
| 2022 | 1,441 | $2.3M | $819,619 | $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 |
|---|---|---|---|---|
| TRAINING COORDINATOR | Other Service Provider | $155,125 | — | $155,125 |
| INSTRUCTOR - A | Other Service Provider | $139,224 | — | $139,224 |
| INSTRUCTOR - D | Other Service Provider | $61,410 | — | $61,410 |
| INSTRUCTOR - E | Other Service Provider | $35,929 | — | $35,929 |
| INSTRUCTOR - B | Other Service Provider | $33,743 | — | $33,743 |
| MSPC CPA'S & ADVISORS, P.C. | Auditor | $19,446 | — | $19,446 |
| LARRY MAGARIK, ESQ. | Other Service Provider | $6,880 | — | $6,880 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC CPA'S & ADVISORS, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $451,757
- Estimated Expense Ratio: 25.230% 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 | $1,387,564 | — | — | $19,446 | — |
| 2023 | $1,187,462 | — | — | $19,268 | — |
| 2022 | $1,151,972 | — | — | — | $26,746 |