# Insulators Local No. 53 Welfare Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/insulators-local-no-53-welfare-fund-720455641-501

> Insulators Local No. 53 Welfare Fund's Health & Welfare plan: 123 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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