Plan Snapshot
- Plan Sponsor: Heat & Frost Insulators Local 25 Supplemental Unemployment Benefit
- Sponsor EIN: 237114574
- Sponsor Address: 21353 BRIDGE STREET, SOUTHFIELD, MI, 48033
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 196
- Total Assets: $4.4M
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 | 196 | $4.4M | $374,264 | $0 |
| 2023 | 192 | $4.1M | $375,929 | $0 |
| 2022 | 168 | $3.3M | $0 | $364,129 |
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 |
|---|---|---|---|---|
| GRIFFON INVESTMENT ADVISORS | Other Service Provider | $18,209 | — | $18,209 |
| WRUBEL WESLEY & CO CPAS | Other Service Provider | $13,800 | — | $13,800 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $32,009
- Estimated Expense Ratio: 0.725% 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 | $104,811 | $18,486 | — | $13,800 | — |
| 2023 | $82,132 | $12,140 | — | $9,000 | — |
| 2022 | $84,774 | $10,309 | — | — | $12,739 |