Plan Snapshot
- Plan Sponsor: Insulators Local No. 53 Pension Fund
- Sponsor EIN: 720542804
- Sponsor Address: 2001 VETERANS MEMORIAL BLVD, KENNER, LA, 700625466
- Plan Type: DB
- Total Participants: 145
- Total Assets: $49.3M
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 | 145 | $49.3M | $1.4M | $0 |
| 2023 | 154 | $48.4M | $1.3M | $0 |
| 2022 | 125 | $47.1M | $2.4M | $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 |
|---|---|---|---|---|
| SEI INVESTMENT MANAGEMENT CORP | Investment Advisor | $269,835 | — | $269,835 |
| HORIZON ACTUARIAL SERVICES LLC | Actuary | $59,413 | — | $59,413 |
| RYAN BORDELON | Recordkeeper | $51,409 | — | $51,409 |
| TED SOILEAU CPA LLC | Other Service Provider | $27,127 | — | $27,127 |
| ROBEIN, URANN, SPENCER & GONGEMI | ERISA Attorney | $17,833 | — | $17,833 |
| SEI PRIVATE TRUST COMPANY | Custodian / Trustee | $12,882 | — | $12,882 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $438,499
- Estimated Expense Ratio: 0.890% 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 | $598,754 | $282,717 | — | $27,127 | — |
| 2023 | $629,658 | $278,336 | — | $26,510 | — |
| 2022 | $809,941 | $292,608 | — | — | $230,098 |