Plan Snapshot
- Plan Sponsor: Local 274 Health And Welfare Fund
- Sponsor EIN: 231489866
- Sponsor Address: 20 BRACE RD, SUITE 114, CHERRY HILL, NJ, 08034
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,284
- Total Assets: $19.1M
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 | 1,284 | $19.1M | $8.7M | $334,178 |
| 2023 | 1,054 | $17.6M | $7.6M | $325,238 |
| 2022 | 1,048 | $12.3M | $6.2M | $293,487 |
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 |
|---|---|---|---|---|
| INDEPENDENCE BLUE CROSS | Other Service Provider | $363,698 | — | $363,698 |
| BENEFIT PROCESSING INC | Other Service Provider | $288,497 | — | $288,497 |
| INDEPENDENCE ADMINISTRATORS | Other Service Provider | $220,823 | — | $220,823 |
| PHILADELPHIA JOINT BOARD WORKERS UN | Other Service Provider | $153,141 | — | $153,141 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $121,026 | — | $121,026 |
| NOVAK FRANCELLA LLC | Auditor | $100,000 | — | $100,000 |
| KATHLEEN LYNCH | Other Service Provider | $65,593 | — | $65,593 |
| BOLTON PARTNERS INC | Other Service Provider | $58,742 | — | $58,742 |
| PAYER MATRIX, LLC | Other Service Provider | $58,035 | — | $58,035 |
| HELEN KRZYWICKI | Other Service Provider | $39,821 | — | $39,821 |
| MERANZE, KATZ, GAUDIOSO & NEWLIN, P | Other Service Provider | $36,613 | — | $36,613 |
| CHARTWELL INVESTMENT PARTNERS | Other Service Provider | $24,333 | — | $24,333 |
| AMALGAMATED BANK | Other Service Provider | $10,005 | — | $10,005 |
| PAYCHEX INC. | Recordkeeper | $7,295 | — | $7,295 |
| ELMCRX SOLUTIONS, LLC | Other Service Provider | $6,358 | — | $6,358 |
| RBC WEALTH MANAGEMENT | Recordkeeper | $5,000 | — | $5,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA LLC — Auditor
- PAYCHEX INC. — Recordkeeper
- RBC WEALTH MANAGEMENT — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,558,980
- Estimated Expense Ratio: 8.164% 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 | $1,014,233 | $34,114 | $405,215 | $45,000 | — |
| 2023 | $870,225 | $35,230 | $325,587 | $45,000 | — |
| 2022 | $705,939 | $26,272 | $259,633 | — | $179,662 |