Plan Snapshot
- Plan Sponsor: Iuoe Local 542 Supplemental Health And Welfare Fund
- Sponsor EIN: 222539413
- Sponsor Address: 485 DEVON PARK DR STE 102, WAYNE, PA, 190871840
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 126
- Total Assets: $328,920
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 | 126 | $328,920 | $107,000 | $336 |
| 2023 | 125 | $288,327 | $82,781 | $312 |
| 2022 | 120 | $252,455 | $100,697 | $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 |
|---|---|---|---|---|
| ONEILL CONSULTING CORP | Other Service Provider | $6,000 | — | $6,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,000
- Estimated Expense Ratio: 1.824% 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 | $14,016 | — | $6,000 | $3,000 | — |
| 2023 | $14,137 | — | $6,000 | $3,000 | — |
| 2022 | $14,817 | — | $6,000 | — | $5,000 |