Plan Snapshot
- Plan Sponsor: International Union Of Painters Trades 47 Health & Welfare Fund
- Sponsor EIN: 356277430
- Sponsor Address: 7440 WOODLAND DRIVE, INDIANAPOLIS, IN, 46278
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 315
- Total Assets: $7.5M
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 | 315 | $7.5M | $4.0M | $471,406 |
| 2023 | 284 | $7.0M | $3.6M | $516,302 |
| 2022 | 259 | $6.8M | $3.2M | $594,770 |
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 |
|---|---|---|---|---|
| UMR, INC. | Other Service Provider | $169,620 | $12,739 | $182,359 |
| LM HENDERSON & COMPANY | Other Service Provider | $30,370 | — | $30,370 |
| LEDBETTER PARTNERS, LLC | Other Service Provider | $26,644 | — | $26,644 |
| IMA INC | Other Service Provider | $25,200 | — | $25,200 |
| ACRISURE NORTHWEST PARTNERS | Other Service Provider | $15,958 | — | $15,958 |
| AXIA ADVISORY CORPORATION | Other Service Provider | $15,500 | — | $15,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $296,031
- Estimated Expense Ratio: 3.929% 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 | $312,594 | $19,525 | $175,037 | $30,370 | — |
| 2023 | $320,911 | $19,017 | $181,494 | $26,600 | — |
| 2022 | $301,812 | $20,625 | $160,346 | — | $91,161 |