Plan Snapshot
- Plan Sponsor: Board Of Trustees Steamfitters Welfare Fund Local 475
- Sponsor EIN: 221516999
- Sponsor Address: 136 MOUNT BETHEL ROAD, WARREN, NJ, 07059
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 421
- Total Assets: $53.3M
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 | 421 | $53.3M | $15.2M | $916,698 |
| 2023 | 434 | $49.5M | $17.3M | $926,525 |
| 2022 | 394 | $43.8M | $14.3M | $1.1M |
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 |
|---|---|---|---|---|
| HORIZON BLUE CROSS BLUE SHIELD | Other Service Provider | $527,445 | — | $527,445 |
| LABOR FIRST | Other Service Provider | $268,908 | — | $268,908 |
| KIM E. DEVIZIO | Other Service Provider | $132,742 | — | $132,742 |
| MARTA K TIRTADJAJA | Other Service Provider | $89,299 | — | $89,299 |
| MR. MICROCHIP SOFTWARE CENTER | Other Service Provider | $55,280 | — | $55,280 |
| MSPC CPAS & ADVISORS, P.C. | Auditor | $53,849 | — | $53,849 |
| ELIZABETH LODGE | Other Service Provider | $40,958 | — | $40,958 |
| LORRIE RAMSEY | Other Service Provider | $37,442 | — | $37,442 |
| BOLTON PARTNERS | Other Service Provider | $32,000 | — | $32,000 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Investment Advisor | $18,014 | — | $18,014 |
| LINDABURY MCCORMICK ESTABROOK | ERISA Attorney | $16,976 | — | $16,976 |
| J2 GLOBAL INC. D/B/A KEEPITSAFE | Other Service Provider | $16,298 | — | $16,298 |
| LARRY MAGARIK, ESQ | ERISA Attorney | $13,440 | — | $13,440 |
| HIGHLAND CAPITAL MANAGEMENT | Investment Advisor | $13,399 | — | $13,399 |
| OPTUM RX | Other Service Provider | $11,598 | — | $11,598 |
| REYNOLDS CONSULTING SERVICES, LLC | Investment Advisor | $5,000 | — | $5,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC CPAS & ADVISORS, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,332,648
- Estimated Expense Ratio: 2.501% 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 | $485,308 | $42,545 | — | $53,849 | — |
| 2023 | $477,455 | $36,804 | — | $51,722 | — |
| 2022 | $518,560 | $28,190 | — | — | $178,813 |