Plan Snapshot
- Plan Sponsor: Local 14-M Health And Welfare Fund
- Sponsor EIN: 231599630
- Sponsor Address: 3460 N. DELAWARE AVENUE, PHILADELPHIA, PA, 19134
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 181
- Total Assets: $8.3M
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 | 181 | $8.3M | $2.9M | $737,932 |
| 2023 | 245 | $7.8M | $3.2M | $755,024 |
| 2022 | 229 | $7.5M | $3.2M | $802,694 |
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 |
|---|---|---|---|---|
| AETNA LIFE INSURANCE CO. | Other Service Provider | $150,774 | — | $150,774 |
| RICHARD GABRIEL ASSOCIATES | Other Service Provider | $91,725 | — | $91,725 |
| GCC IBT DISTRICT COUNCIL 9 | Other Service Provider | $42,445 | — | $42,445 |
| NOVAK FRANCELLA, LLC | Auditor | $15,238 | — | $15,238 |
| BENECARD SERVICES INC | Other Service Provider | $6,261 | — | $6,261 |
| MARKOWITZ & RICHMAN | Other Service Provider | $5,200 | — | $5,200 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $311,643
- Estimated Expense Ratio: 3.767% 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 | $173,584 | — | — | $14,000 | — |
| 2023 | $133,638 | — | — | $14,000 | — |
| 2022 | $110,169 | — | — | — | $71,448 |