Plan Snapshot
- Plan Sponsor: Cleveland Longshoremen'S Welfare Fund
- Sponsor EIN: 340931020
- Sponsor Address: 591 ERIESIDE AVENUE, CLEVELAND, OH, 44114
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 37
- Total Assets: $1.7M
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 | 37 | $1.7M | $1.5M | $0 |
| 2023 | 43 | $1.5M | $1.4M | $0 |
| 2022 | 37 | $1.4M | $1.8M | $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 |
|---|---|---|---|---|
| BENESYS | Other Service Provider | $23,626 | — | $23,626 |
| CIUNI & PANICHI, INC. | Other Service Provider | $14,824 | — | $14,824 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,450
- Estimated Expense Ratio: 2.312% 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 | $81,559 | $2,794 | $23,626 | $14,824 | — |
| 2023 | $77,069 | $1,849 | $23,472 | $17,460 | — |
| 2022 | $84,420 | $633 | $23,472 | — | $32,596 |