Plan Snapshot
- Plan Sponsor: Painting Industry Insurance Fund
- Sponsor EIN: 340695505
- Sponsor Address: 8257 DOW CIRCLE, STRONGSVILLE, OH, 44136
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 871
- Total Assets: $14.1M
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 | 871 | $14.1M | $13.8M | $2.3M |
| 2023 | 836 | $11.3M | $12.7M | $2.0M |
| 2022 | 817 | $9.9M | $12.1M | $2.2M |
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 |
|---|---|---|---|---|
| COMMUNITY INSURANCE COMPANY | Other Service Provider | $844,914 | — | $844,914 |
| PAINTING INDUSTRY FUNDS, INC. | Other Service Provider | $359,280 | — | $359,280 |
| BRIDGEWAY BENEFIT TECHNOLOGIES, LLC | Other Service Provider | $220,991 | — | $220,991 |
| EMPIRX HEALTH LLC | Other Service Provider | $159,266 | — | $159,266 |
| ALLOTTA FARLEY CO., L.P.A. | Other Service Provider | $91,863 | — | $91,863 |
| THE SEGAL COMPANY | Other Service Provider | $54,292 | — | $54,292 |
| PAINTERS & DECORATORS BUILDING, INC | Other Service Provider | $35,057 | — | $35,057 |
| DELTA DENTAL | Other Service Provider | $27,825 | — | $27,825 |
| CLARK, SCHAEFER, HACKETT & CO. | Other Service Provider | $27,500 | — | $27,500 |
| TODD ASSOCIATES, INC. | Other Service Provider | $24,339 | — | $24,339 |
| BUCK GLOBAL, LLC | Other Service Provider | $21,725 | — | $21,725 |
| NOVAK FRANCELLA LLC | Auditor | $19,355 | — | $19,355 |
| CENTRAL ADMINISTRATIVE AGENCY | Other Service Provider | $15,880 | — | $15,880 |
| PNC BANK | Other Service Provider | $14,445 | — | $14,445 |
| PNC INSTITUTIONAL INVESTMENTS | Other Service Provider | $13,679 | — | $13,679 |
| HCS COMPUTERS | Other Service Provider | $11,923 | — | $11,923 |
| MARINER INSTITUTIONAL LLC | Other Service Provider | $7,500 | — | $7,500 |
| PAINTERS DISTRICT COUNCIL #6 | Other Service Provider | $6,836 | — | $6,836 |
| TOSHIBA FINANCIAL SERVICES | Other Service Provider | $5,733 | — | $5,733 |
| ANDCO CONSULTING, LLC | Other Service Provider | $5,000 | — | $5,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,967,403
- Estimated Expense Ratio: 13.983% 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 | $1,504,052 | $13,926 | $359,280 | $46,592 | — |
| 2023 | $1,346,179 | $12,987 | $337,752 | $25,238 | — |
| 2022 | $1,360,656 | $12,810 | $336,440 | — | $195,883 |