# Iron Workers Local 28 Health & Welfare Fund Of Richmond Virginia Area Health & Welfare Plan
Source: https://planprovider.pro/companies/iron-workers-local-28-health-welfare-fund-of-richmond-virginia-area-546068836-501

> Iron Workers Local 28 Health & Welfare Fund Of Richmond Virginia Area's Health & Welfare plan: 281 participants, plan year 2024 financials, providers, and be…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Iron Workers Local 28 Health & Welfare Fund Of Richmond Virginia Area

- **Sponsor EIN:** 546068836

- **Sponsor Address:** P.O. BOX 1749, SALEM, VA, 24153

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 281

- **Total Assets:** $14.7M

## 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|281|$14.7M|$3.6M|$19,838|

| 2023|280|$12.4M|$3.1M|$5,229|

| 2022|283|$12.1M|$3.2M|$2,774|

## 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|

| L.C MUSGOVE ASSOCIATES|Other Service Provider|$132,291|—|$132,291|

| O'DONOGHUE & O'DONOGHUE, LLP|Other Service Provider|$31,024|—|$31,024|

| AMERICAN BENEFIT GROUP|Other Service Provider|$30,000|—|$30,000|

| CALIBRE CPA GROUP, PLLC|Auditor|$29,565|—|$29,565|

| SEGAL SELECT INSURANCE SERVICES|Other Service Provider|$26,501|—|$26,501|

| BHA CONSULTING LLC|Other Service Provider|$25,513|—|$25,513|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [CALIBRE CPA GROUP, PLLC](https://planprovider.pro/provider/calibre-cpa-group-pllc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $274,894

- **Estimated Expense Ratio:** 1.876% 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|$252,752|$8,447|$130,092|$17,515|—|

| 2023|$237,276|$4,000|$130,092|$18,846|—|

| 2022|$219,344|$4,000|$70,085|—|$120,092|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/iron-workers-local-28-health-welfare-fund-of-richmond-virginia-area-546068836-501)

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