Plan Snapshot
- Plan Sponsor: Local 305 National Post Office Mail Handlers Watchmen Messengers
- Sponsor EIN: 540934204
- Sponsor Address: 4907 FITZHUGH AVENUE, SUITE 100, RICHMOND, VA, 232303533
- Plan Type: Health & Welfare
- Plan Number: 503
- Total Participants: 3,291
- Total Assets: $4.8M
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 | 3,291 | $4.8M | $0 | $0 |
| 2023 | 3,013 | $1.9M | $0 | $0 |
| 2022 | 3,164 | $1.7M | $0 | $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 |
|---|---|---|---|---|
| NEEDLES & ASSOCIATES, LLC | Other Service Provider | $18,518 | — | $18,518 |
| DWIGHT BURNSIDE | Other Service Provider | $7,250 | — | $7,250 |
| LARRY PATTERSON | Other Service Provider | $7,250 | — | $7,250 |
| BOLTON PARTNERS CONSULTING GROUP | Other Service Provider | $7,205 | — | $7,205 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,223
- Estimated Expense Ratio: 0.836% 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 | $48,179 | — | $14,500 | $18,518 | — |
| 2023 | $24,324 | — | $11,000 | $4,400 | — |
| 2022 | $27,620 | — | $21,404 | — | $4,783 |