# Local 147 Construction Workers Asb Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/local-147-construction-workers-asb-fund-133161717-501

> Local 147 Construction Workers Asb Fund's Health & Welfare plan: 134 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Local 147 Construction Workers Asb Fund

- **Sponsor EIN:** 133161717

- **Sponsor Address:** 36 HOPATCHUNG ROAD, HOPATCONG, NJ, 078431524

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 134

- **Total Assets:** $12.9M

## 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|134|$12.9M|$3.2M|$0|

| 2023|101|$11.9M|$2.0M|$0|

| 2022|75|$10.8M|$1.2M|$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|

| BASIL CASTROVINCI ASSOCIATES|Other Service Provider|$86,070|—|$86,070|

| MANNING AND RUSSO, LLC|ERISA Attorney|$24,000|—|$24,000|

| MSPC, CPAS AND ADVISORS, P.C.|Auditor|$20,885|—|$20,885|

| GOULD, KOBRICK & SCHLAPP, P.C.|Auditor|$19,000|—|$19,000|

| AMALGAMATED BANK|Other Service Provider|$13,214|—|$13,214|

| AGINCOURT CAPITAL MANAGEMENT LLC|Other Service Provider|$9,165|—|$9,165|

| INVESTMENT CONSULTING SERVICES, LLC|Other Service Provider|$5,934|—|$5,934|

### Verified Provider Profiles

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

- [MSPC, CPAS AND ADVISORS, P.C.](https://planprovider.pro/provider/mspc-certified-public-accountants-and) — Auditor

- [GOULD, KOBRICK & SCHLAPP, P.C.](https://planprovider.pro/provider/gould-kobrick-and-schlapp-pc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $178,268

- **Estimated Expense Ratio:** 1.381% 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|$185,248|$15,099|$86,070|$39,885|—|

| 2023|$161,718|$27,636|$84,346|$20,500|—|

| 2022|$159,702|$28,237|$82,620|—|$44,500|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/local-147-construction-workers-asb-fund-133161717-501)

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