Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees Plumbers Union Local 55 H&W
- Sponsor EIN: 340754952
- Sponsor Address: 980 KEYNOTE CIRCLE, BROOKLYN HEIGHTS, OH, 441310000
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 515
- Total Assets: $18.0M
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 | 515 | $18.0M | $9.9M | $434,193 |
| 2023 | 505 | $14.9M | $8.4M | $508,554 |
| 2022 | 493 | $12.9M | $7.3M | $529,471 |
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 |
|---|---|---|---|---|
| CDS ADMINISTRATORS | Other Service Provider | $142,105 | — | $142,105 |
| BUCK CONSULTANTS | Other Service Provider | $68,004 | — | $68,004 |
| FAULKNER, HOFFMAN & PHILLIPS, LLC | Other Service Provider | $39,013 | — | $39,013 |
| CIUNI & PANICHI, INC. | Other Service Provider | $31,261 | — | $31,261 |
| ANDCO CONSULTING, LLC | Other Service Provider | $15,188 | — | $15,188 |
| PLUMBERS UNION LOCAL #55 | Other Service Provider | $5,360 | — | $5,360 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $300,931
- Estimated Expense Ratio: 1.673% 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 | $697,170 | $15,188 | $147,465 | $31,261 | — |
| 2023 | $641,250 | $15,000 | $140,077 | $24,129 | — |
| 2022 | $665,197 | $14,500 | $11,819 | — | $127,306 |