Plan Snapshot
- Plan Sponsor: Pipe Fitters Local Union No. 120 Annuity Fund
- Sponsor EIN: 341480483
- Sponsor Address: 6305 HALLE DR., CLEVELAND, OH, 441254617
- Plan Type: DC
- Total Participants: 1,461
- Total Assets: $99.1M
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 | 1,461 | $99.1M | $5.3M | $728,970 |
| 2023 | 1,410 | $89.3M | $4.9M | $0 |
| 2022 | 1,373 | $77.1M | $4.6M | $0 |
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 | Other Service Provider | $20,048 | — | $20,048 |
| TIFFANY CLARKE | EMPLOYEE | $16,009 | — | $16,009 |
| FAULKNER, HOFFMAN, PHILLIPS, LLP. | Other Service Provider | $14,531 | — | $14,531 |
| JOHN HANCOCK RETIREMENT PLAN SERV | Other Service Provider | $9,226 | — | $9,226 |
| TAMMY LICHT | EMPLOYEE | $5,445 | — | $5,445 |
| THE SEGAL COMPANY | Other Service Provider | $5,000 | — | $5,000 |
| ANDCO | Other Service Provider | $5,000 | — | $5,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,259
- Estimated Expense Ratio: 0.076% 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 | $221,707 | $88,425 | — | $20,048 | — |
| 2023 | $208,286 | $87,865 | — | $20,362 | — |
| 2022 | $210,779 | $86,297 | — | — | $47,379 |