# Local 422 Health & Welfare Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/local-422-health-welfare-fund-341918989-501

> Local 422 Health & Welfare Fund's Health & Welfare plan: 28 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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