Plan Snapshot
- Plan Sponsor: Ormet Corporation Hourly Retiree Benefit Trust
- Sponsor EIN: 830430487
- Sponsor Address: 60 BLVD. OF THE ALLIES, 5TH FLOOR, PITTSBURGH, PA, 15222
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 0
- Total Assets: $44.9M
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 | 0 | $44.9M | $0 | $733,332 |
| 2023 | 0 | $43.4M | $0 | $1.7M |
| 2022 | 0 | $41.3M | $0 | $1.9M |
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 |
|---|---|---|---|---|
| PNC BANK | Custodian / Trustee | $152,934 | — | $152,934 |
| CENTRAL DATA SERVICES, INC | Other Service Provider | $119,968 | — | $119,968 |
| SCHNEIDER DOWNS & CO., INC. | Auditor | $34,007 | — | $34,007 |
| BUCK GLOBAL, LLC | Other Service Provider | $26,160 | — | $26,160 |
| MARSH USA, INC. | Investment Advisor | $17,960 | — | $17,960 |
| JEANETTE STUMP | Custodian / Trustee | $7,242 | — | $7,242 |
| HOWARD KLINE | Custodian / Trustee | $6,876 | — | $6,876 |
| JAMES T. CARNEY | Custodian / Trustee | $6,872 | — | $6,872 |
| SCHWARZWALD MCNAIR & FUSCO LLP | Other Service Provider | $5,245 | — | $5,245 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHNEIDER DOWNS & CO., INC. — Auditor
- MARSH USA, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $377,264
- Estimated Expense Ratio: 0.840% 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 | $378,153 | — | $119,968 | $31,687 | — |
| 2023 | $346,595 | — | $108,000 | $23,915 | — |
| 2022 | $400,874 | $218,161 | — | — | $178,165 |