# Pipefitters Union Local No. 537 401(k) Plan
Source: https://planprovider.pro/companies/pipefitters-union-local-no-537-042167074-501

> Pipefitters Union Local No. 537's 401(k) plan: 2,372 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Pipefitters Union Local No. 537

- **Sponsor EIN:** 042167074

- **Sponsor Address:** 40 ENTERPRISE STREET, SUITE 463, DORCHESTER, MA, 021251638

- **Plan Type:** 401(k)

- **Plan Number:** 501

- **Total Participants:** 2,372

- **Total Assets:** $92.6M

## 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|2,372|$92.6M|$60.6M|$1.4M|

| 2023|2,310|$87.1M|$57.6M|$1.5M|

| 2022|2,202|$75.4M|$53.7M|$1.4M|

## 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|

| BLUE CROSS BLUE SHIELD|Other Service Provider|$1,718,526|—|$1,718,526|

| MODERN ASSISTANCE PROGRAM|Other Service Provider|$131,291|—|$131,291|

| EXPRESS SCRIPTS, INC.|Other Service Provider|$108,347|—|$108,347|

| BRIDGEWAY TECHNOLOGIES|Other Service Provider|$98,599|—|$98,599|

| EMPLOYEE F|Recordkeeper|$71,592|—|$71,592|

| HINGE HEALTH, INC.|Other Service Provider|$68,655|—|$68,655|

| INCOME RESEARCH MANAGEMENT|Other Service Provider|$57,072|—|$57,072|

| MANZI & ASSOCIATES LLC|Other Service Provider|$53,534|—|$53,534|

| KRAKOW & SOURIS|Other Service Provider|$37,750|—|$37,750|

| HILB GROUP|Other Service Provider|$36,250|—|$36,250|

| CBIZ RETIREMENT PLAN SERVICES|Other Service Provider|$34,500|—|$34,500|

| BNY MELLON|Other Service Provider|$33,235|—|$33,235|

| EMPLOYEE G|Recordkeeper|$32,156|—|$32,156|

| EMPLOYEE E|Recordkeeper|$31,957|—|$31,957|

| EMPLOYEE C|Recordkeeper|$22,680|—|$22,680|

| BOSTON TRUST & INVESTMENT|Other Service Provider|$21,745|—|$21,745|

| EMPLOYEE B|Recordkeeper|$20,341|—|$20,341|

| NETWORK COVERAGE LLC|Other Service Provider|$20,155|—|$20,155|

| EMPLOYEE D|Recordkeeper|$13,761|—|$13,761|

| NOVAK FRANCELLA LLC|Auditor|$11,254|—|$11,254|

| NEPC LLC|Recordkeeper|$11,250|—|$11,250|

| QUADIENT|Other Service Provider|$8,348|—|$8,348|

| SEGAL CONSULTING|Other Service Provider|$6,371|—|$6,371|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [EMPLOYEE F](https://planprovider.pro/provider/employee-fiduciary) — Recordkeeper

- [EMPLOYEE G](https://planprovider.pro/provider/employee-fiduciary) — Recordkeeper

- [EMPLOYEE E](https://planprovider.pro/provider/employee-fiduciary) — Recordkeeper

- [EMPLOYEE C](https://planprovider.pro/provider/employee-fiduciary) — Recordkeeper

- [EMPLOYEE B](https://planprovider.pro/provider/employee-fiduciary) — Recordkeeper

- [EMPLOYEE D](https://planprovider.pro/provider/employee-fiduciary) — Recordkeeper

- [NOVAK FRANCELLA LLC](https://planprovider.pro/provider/novak-francella-llc) — Auditor

- [NEPC LLC](https://planprovider.pro/provider/milliman) — Recordkeeper

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $2,649,369

- **Estimated Expense Ratio:** 2.862% 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|$3,260,406|$54,980|—|$53,534|—|

| 2023|$3,015,074|$97,699|—|$51,785|—|

| 2022|$3,049,311|$92,078|—|—|—|

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- [Pipefitters Union Local #537 - Vacation Fund](https://planprovider.pro/companies/pipefitters-union-local-537-vacation-fund-237255451-501) — 955 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/pipefitters-union-local-no-537-042167074-501)

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