Plan Snapshot
- Plan Sponsor: Insulators Local No. 53 Welfare Fund
- Sponsor EIN: 720455641
- Sponsor Address: 2001 VETERANS MEMORIAL BLVD STE 200, KENNER, LA, 700625466
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 123
- Total Assets: $8.4M
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 | 123 | $8.4M | $1.3M | $55,148 |
| 2023 | 121 | $8.2M | $1.4M | $104,023 |
| 2022 | 146 | $7.8M | $2.4M | $66,147 |
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 |
|---|---|---|---|---|
| BLUE CORSS BLUE SHIELD OF LOUISIANA | Other Service Provider | $60,416 | — | $60,416 |
| HORIZON ACTUARIAL SERVICES | Other Service Provider | $51,422 | — | $51,422 |
| SEI INVESTMENT MANAGEMENT CORP | Custodian / Trustee | $29,100 | — | $29,100 |
| TED SOILEAU CPA LLC | Other Service Provider | $25,702 | — | $25,702 |
| ROBEIN, URANN, SPENCER & CONGEMI | ERISA Attorney | $20,357 | — | $20,357 |
| RYAN BORDELON | Recordkeeper | $17,136 | — | $17,136 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $204,133
- Estimated Expense Ratio: 2.441% 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 | $429,935 | $29,100 | $281,537 | $25,702 | — |
| 2023 | $298,052 | $27,653 | $162,956 | $23,468 | — |
| 2022 | $382,433 | $25,911 | $146,662 | — | $159,605 |