# Local 305 National Post Office Mail Handlers Watchmen Messengers Health & Welfare Plan
Source: https://planprovider.pro/companies/local-305-national-post-office-mail-handlers-watchmen-messengers-540934204-504

> Local 305 National Post Office Mail Handlers Watchmen Messengers's Health & Welfare plan: 3,291 participants, plan year 2024 financials, providers, and bench…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Local 305 National Post Office Mail Handlers Watchmen Messengers

- **Sponsor EIN:** 540934204

- **Sponsor Address:** 4907 FITZHUGH AVENUE SUITE 100, RICHMON, VA, 232303533

- **Plan Type:** Health & Welfare

- **Plan Number:** 504

- **Total Participants:** 3,291

- **Total Assets:** $3.5M

## 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|$3.5M|$0|$0|

| 2023|3,013|$1.3M|$0|$0|

| 2022|3,164|$1.2M|$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|$13,409|—|$13,409|

| DWIGHT BURNSIDE|Other Service Provider|$5,250|—|$5,250|

| LARRY PATTERSON|Other Service Provider|$5,250|—|$5,250|

| BOLTON PARTNERS CONSULTING GROUP|Other Service Provider|$5,218|—|$5,218|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $29,127

- **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|$34,888|—|$10,500|$13,409|—|

| 2023|$30,957|—|$14,000|$5,600|—|

| 2022|$30,074|—|$23,306|—|$5,209|

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