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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE CO. | RECORDKEEPER | $311,348 | — | $311,348 |
| O'DONOGHUE AND O'DONOGHUE | ATTORNEY | $80,420 | — | $80,420 |
| WPAS, INC. | SERVICE PROVIDER | $73,000 | — | $73,000 |
| SARFINO AND RHOADES, LLP | AUDITOR | $46,874 | — | $46,874 |
| GALLAGHER FIDUCIARY ADVISORS, LLC | INVESTMENT ADVISOR | $37,321 | — | $37,321 |
| SEGAL SELECT INSURANCE SERVICES INC | INSURANCE AGENT | $21,328 | — | $21,328 |
| ZENITH AMERICAN SOLUTIONS | CONTRACT ADMINISTRATOR | $18,745 | — | $18,745 |
| THE SEGAL COMPANY (EASTERN STATES) | CONSULTANT | $8,893 | — | $8,893 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GALLAGHER FIDUCIARY ADVISORS, LLC — INVESTMENT ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $597,929
- Estimated Expense Ratio: 0.115% 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 |