Plan Snapshot
- Plan Sponsor: Local 400 Food Terminal Employees Welfare Fund
- Sponsor EIN: 346727973
- Sponsor Address: 707 BROOKPARK ROAD, CLEVELAND, OH, 441095817
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 158
- Total Assets: $4.9M
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 | 158 | $4.9M | $2.9M | $67,509 |
| 2023 | 161 | $4.2M | $2.9M | $100,007 |
| 2022 | 160 | $3.5M | $2.9M | $158,174 |
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 |
|---|---|---|---|---|
| CIUNI & PANICHI, INC. | Other Service Provider | $19,231 | — | $19,231 |
| BONNIE MANNING | Other Service Provider | $15,746 | — | $15,746 |
| DIANNA BROWN | Other Service Provider | $12,043 | — | $12,043 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $47,020
- Estimated Expense Ratio: 0.962% 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 | $133,061 | $5,963 | — | $19,231 | — |
| 2023 | $155,213 | $5,144 | — | $23,454 | — |
| 2022 | $184,053 | $2,798 | — | — | $22,131 |