Plan Snapshot
- Plan Sponsor: Board Of Trustees - Steamfitters Local 602 Retirement Savings Plan
- Sponsor EIN: 522187219
- Sponsor Address: 8700 ASHWOOD DRIVE, CAPITOL HEIGHTS, MD, 20743
- Plan Type: DC
- Total Participants: 5,806
- Total Assets: $522.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 5,806 | $522.0M | $32.3M | $0 |
| 2023 | 4,949 | $445.0M | $28.1M | $0 |
| 2022 | 5,155 | $365.3M | $27.3M | $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 |
|---|---|---|---|---|
| SARFINO AND RHOADES, LLP | Auditor | $27,950 | — | $27,950 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $27,950
- Estimated Expense Ratio: 0.005% 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 | $351,348 | $37,321 | $110,762 | $27,950 | — |
| 2023 | $211,807 | $35,760 | $55,417 | $26,703 | — |
| 2022 | $198,353 | $33,112 | $53,806 | — | $78,775 |