# Pipefitters Local Union No. 274 Health &amp; Welfare Plan
Source: https://planprovider.pro/companies/pipefitters-local-union-no-274-221530864-501

> Pipefitters Local Union No. 274&#39;s Health &amp; Welfare plan: 303 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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