Plan Snapshot
- Plan Sponsor: Plumbers And Pipefitters Local 520 Health & Welfare Fund
- Sponsor EIN: 236280075
- Sponsor Address: 700 TOWER DRIVE, SUITE 300, TROY, MI, 48098
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 953
- Total Assets: $31.4M
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 | 953 | $31.4M | $23.6M | $2.3M |
| 2023 | 980 | $27.8M | $23.4M | $2.4M |
| 2022 | 966 | $23.9M | $21.0M | $2.4M |
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 |
|---|---|---|---|---|
| BENESYS, INC. | Other Service Provider | $289,547 | — | $289,547 |
| AETNA | Other Service Provider | $234,797 | — | $234,797 |
| BOLTON PARTNERS NORTHEAST, INC. | Other Service Provider | $60,000 | — | $60,000 |
| DELTA DENTAL | Other Service Provider | $46,287 | — | $46,287 |
| PFM ASSET MANAGEMENT, LLC | Other Service Provider | $27,656 | — | $27,656 |
| FISCHER DORWART | Other Service Provider | $20,500 | — | $20,500 |
| ODONOGHUE & ODONOGHUE LLP | Other Service Provider | $14,288 | — | $14,288 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $693,075
- Estimated Expense Ratio: 2.204% 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 | $526,786 | $27,656 | $289,547 | $20,500 | — |
| 2023 | $518,625 | $19,087 | $281,114 | $21,340 | — |
| 2022 | $497,795 | $23,057 | $272,926 | — | $94,611 |