Plan Snapshot
- Plan Sponsor: I.A.T.S.E. Local 3 Welfare Fund
- Sponsor EIN: 256063610
- Sponsor Address: THREE GATEWAY CENTER, STE 1625, PITTSBURGH, PA, 15222
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 98
- Total Assets: $3.9M
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 | 98 | $3.9M | $849,742 | $59,982 |
| 2023 | 92 | $3.7M | $972,595 | $48,191 |
| 2022 | 75 | $3.3M | $939,098 | $63,585 |
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 |
|---|---|---|---|---|
| CW BREITSMAN ASSOCIATES LLC | Other Service Provider | $52,152 | — | $52,152 |
| XPYRIA | Other Service Provider | $10,396 | — | $10,396 |
| CYPHER & CYPHER | Other Service Provider | $7,560 | — | $7,560 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $70,108
- Estimated Expense Ratio: 1.817% 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 | $95,820 | $13,876 | $52,152 | $7,560 | — |
| 2023 | $80,566 | $13,589 | $52,152 | $7,200 | — |
| 2022 | $96,600 | $13,254 | $52,152 | — | $6,407 |