Plan Snapshot
- Plan Sponsor: Local 360 Health Fund
- Sponsor EIN: 226084338
- Sponsor Address: 48 STILES LANE, SUITE 204, MT. LAUREL, NJ, 08054
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,319
- Total Assets: $10.2M
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 | 1,319 | $10.2M | $15.6M | $48,732 |
| 2023 | 1,290 | $7.5M | $14.4M | $71,883 |
| 2022 | 1,427 | $7.8M | $13.6M | $82,753 |
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 |
|---|---|---|---|---|
| TRI-STATE ADMINISTRATORS | Other Service Provider | $856,418 | — | $856,418 |
| INDEPENDENCE BLUE CROSS | Other Service Provider | $532,373 | — | $532,373 |
| EXPRESS SCRIPTS, INC | Other Service Provider | $114,360 | — | $114,360 |
| BARATZ & ASSOCIATES, PA | Auditor | $66,295 | — | $66,295 |
| MORGAN, LEWIS & BROCKIUS, LLP | ERISA Attorney | $44,591 | — | $44,591 |
| BRIDGEWAY BENEFITS TECHNOLOGY | Other Service Provider | $28,581 | — | $28,581 |
| SPEAR WILDERMAN PC | Other Service Provider | $25,415 | — | $25,415 |
| CHEIRON | Other Service Provider | $19,628 | — | $19,628 |
| MERRILL LYNCH PIERCE FENNER & SMITH | Other Service Provider | $7,430 | — | $7,430 |
| VISION BENEFITS OF AMERICA | Other Service Provider | $6,953 | — | $6,953 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BARATZ & ASSOCIATES, PA — Auditor
- MORGAN, LEWIS & BROCKIUS, LLP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,702,044
- Estimated Expense Ratio: 16.750% 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 | $1,126,255 | — | $798,672 | $37,750 | — |
| 2023 | $971,747 | — | $755,310 | $35,920 | — |
| 2022 | $1,177,233 | $14,914 | $718,941 | — | $248,376 |