Plan Snapshot
- Plan Sponsor: Local 354 Plumbers & Pipe Fitters Health & Welfare
- Sponsor EIN: 237335250
- Sponsor Address: 271 ARMBRUST ROAD, YOUNGWOOD, PA, 15697
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 478
- Total Assets: $21.3M
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 | 478 | $21.3M | $8.8M | $709,572 |
| 2023 | 479 | $22.5M | $8.5M | $706,031 |
| 2022 | 578 | $24.0M | $8.4M | $626,131 |
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 |
|---|---|---|---|---|
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $154,599 | — | $154,599 |
| PACKER THOMAS | Auditor | $63,167 | — | $63,167 |
| BUCK CONSULTANTS | Other Service Provider | $54,833 | — | $54,833 |
| GRIDIRON PARTNERS LLC | Other Service Provider | $30,677 | — | $30,677 |
| MEYER, UNKOVIC & SCOTT | ERISA Attorney | $27,957 | — | $27,957 |
| CIM INVESTMENT MANAGEMENT | Other Service Provider | $22,226 | — | $22,226 |
| MARINER INSTITUTIONAL LLC | Other Service Provider | $9,050 | — | $9,050 |
| ANDCO CONSULTING | Other Service Provider | $6,000 | — | $6,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PACKER THOMAS — Auditor
- MEYER, UNKOVIC & SCOTT — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $368,509
- Estimated Expense Ratio: 1.732% 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 | $495,292 | $52,903 | — | $63,167 | — |
| 2023 | $401,222 | $32,349 | $54,000 | — | — |
| 2022 | $437,737 | $101,642 | $129,600 | — | $106,113 |