Plan Snapshot
- Plan Sponsor: Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund
- Sponsor EIN: 550422384
- Sponsor Address: 267 STAUNTON AVE, SOUTH CHARLESTON, WV, 25303
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 979
- Total Assets: $38.5M
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 | 979 | $38.5M | $26.2M | $13,649 |
| 2023 | 1,036 | $37.6M | $29.0M | $22,659 |
| 2022 | 1,023 | $28.8M | $25.7M | $41,068 |
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 |
|---|---|---|---|---|
| AMERICAN BENEFIT CORPORATION | Other Service Provider | $946,875 | — | $946,875 |
| ANTHEM HEALTH PLANS | Other Service Provider | $487,009 | — | $487,009 |
| MANNING AND NAPIER | Other Service Provider | $95,000 | — | $95,000 |
| BOSTON MUTUAL LIFE INS COMPANY | Other Service Provider | $78,321 | — | $78,321 |
| AMERICAN HEALTH HOLDINGS | Other Service Provider | $59,484 | — | $59,484 |
| HARRIS, HARDIN & COMPANY, A.C. | Auditor | $47,844 | — | $47,844 |
| CICCARELLO, DEL GIEDUCE & LAFON | Other Service Provider | $26,123 | — | $26,123 |
| CS MCKEE | Other Service Provider | $21,581 | — | $21,581 |
| PHYSICIANS SERVICES - 4MOST | Other Service Provider | $11,833 | — | $11,833 |
| ANDCO CONSULTING | Other Service Provider | $10,000 | — | $10,000 |
| UNITED NATIONAL BANK | Other Service Provider | $8,594 | — | $8,594 |
| MEDICAL REVIEW INSTITUTE | Other Service Provider | $6,628 | — | $6,628 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HARRIS, HARDIN & COMPANY, A.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,799,292
- Estimated Expense Ratio: 4.676% 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 | $2,269,046 | $135,175 | $946,875 | — | — |
| 2023 | $1,369,543 | — | $632,013 | — | — |
| 2022 | $1,777,802 | $114,908 | $851,779 | — | $99,998 |