Plan Snapshot
- Plan Sponsor: Local 422 Health & Welfare Fund
- Sponsor EIN: 341918989
- Sponsor Address: 707 BROOKPARK RD., CLEVELAND, OH, 44109
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 28
- Total Assets: $1.2M
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 | 28 | $1.2M | $325,528 | $24,433 |
| 2023 | 26 | $1.2M | $519,379 | $61,477 |
| 2022 | 76 | $1.1M | $928,632 | $129,864 |
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 |
|---|---|---|---|---|
| NEITZEL, LUKE & SALOPEK, INC. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $48,070 | $4,732 | $18,806 | — | — |
| 2023 | $54,223 | $1,608 | $27,566 | — | — |
| 2022 | $74,904 | $9,058 | $37,349 | — | $20,079 |