Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees Plumbers
- Sponsor EIN: 386105923
- Sponsor Address: 700 TOWER DRIVE, TROY, MI, 480982808
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 836
- Total Assets: $8.5M
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 | 836 | $8.5M | $827,841 | $0 |
| 2023 | 836 | $7.8M | $915,037 | $0 |
| 2022 | 801 | $6.8M | $841,308 | $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 |
|---|---|---|---|---|
| BENESYS, INC. | Other Service Provider | $41,862 | — | $41,862 |
| PLUMBERS LOCAL 98 | Other Service Provider | $40,000 | — | $40,000 |
| BULTYNCK & CO., P.L.L.C. | Other Service Provider | $29,000 | — | $29,000 |
| ASHER KELLY LAW | Other Service Provider | $28,055 | — | $28,055 |
| STRATEGIC CAPITAL INVEST. ADVISORS | Other Service Provider | $17,500 | — | $17,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $156,417
- Estimated Expense Ratio: 1.832% 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 | $1,893,717 | $18,168 | $35,175 | $29,462 | — |
| 2023 | $126,255 | $18,301 | $38,935 | $10,554 | — |
| 2022 | $122,447 | $20,218 | $37,280 | — | $13,220 |