# Local 274 Health And Welfare Fund 401(k) Plan
Source: https://planprovider.pro/companies/local-274-health-and-welfare-fund-231489866-501

> Local 274 Health And Welfare Fund's 401(k) plan: 1,284 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/novak-francella-llc) — Auditor

- [PAYCHEX INC.](https://planprovider.pro/provider/paychex) — Recordkeeper

- [RBC WEALTH MANAGEMENT](https://planprovider.pro/provider/royal-bank-of-canada) — 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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/local-274-health-and-welfare-fund-231489866-501)

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