Plan Snapshot
- Plan Sponsor: Pipefitters Local Union No. 274
- Sponsor EIN: 221530864
- Sponsor Address: 205 JEFFERSON ROAD, PARSIPPANY, NJ, 07054
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 303
- Total Assets: $17.2M
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 | 303 | $17.2M | $11.0M | $46,349 |
| 2023 | 314 | $15.1M | $10.3M | $98,640 |
| 2022 | 262 | $12.9M | $9.0M | $87,640 |
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 |
|---|---|---|---|---|
| BASIL CASTROVINCI ASSOCIATES | Other Service Provider | $251,518 | — | $251,518 |
| AETNA | Other Service Provider | $194,513 | — | $194,513 |
| DAVIS VISION, INC | Other Service Provider | $81,376 | — | $81,376 |
| DA GERSON, CPA & ASSOCIATES, PC | Other Service Provider | $31,416 | — | $31,416 |
| TIMOTHY HOTT, ESQ. | Other Service Provider | $12,600 | — | $12,600 |
| LINDABURY, MCCORMICK, ESTABROOK | Other Service Provider | $10,800 | — | $10,800 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $582,223
- Estimated Expense Ratio: 3.394% 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 | $533,718 | $7,556 | $251,518 | $31,416 | — |
| 2023 | $534,419 | $5,840 | $244,192 | $31,535 | — |
| 2022 | $525,795 | $5,830 | $237,080 | — | $55,039 |