Plan Snapshot
- Plan Sponsor: Plumbers And Steamfitters Local 322 Health And Welfare Fund
- Sponsor EIN: 210699966
- Sponsor Address: 534 S. ROUTE 73, HAMMONTON, NJ, 080372401
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 591
- Total Assets: $36.2M
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 | 591 | $36.2M | $31.9M | $324,055 |
| 2023 | 579 | $32.2M | $30.4M | $303,023 |
| 2022 | 557 | $27.7M | $27.8M | $366,095 |
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 |
|---|---|---|---|---|
| HORIZON HEALTHCARE SERVICES, INC. | Other Service Provider | $547,002 | — | $547,002 |
| LABOR FIRST LLC | Other Service Provider | $328,809 | — | $328,809 |
| JACKIE SWANSON | Recordkeeper | $102,508 | — | $102,508 |
| SHERRY RASO | Recordkeeper | $99,155 | — | $99,155 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $87,600 | — | $87,600 |
| CONNER STRONG & BUCKELEW COMPANIES | Other Service Provider | $78,000 | — | $78,000 |
| JOHN SHALOO | Recordkeeper | $76,812 | — | $76,812 |
| LOOP CAPITAL MARKETS, LLC | Other Service Provider | $67,375 | — | $67,375 |
| NOVAK FRANCELLA LLC | Auditor | $61,436 | — | $61,436 |
| A&A SERVICES LLC DBA SAV-RX | Other Service Provider | $48,013 | — | $48,013 |
| PNC BANK | Other Service Provider | $39,582 | — | $39,582 |
| THE MCKEOGH COMPANY | Other Service Provider | $36,875 | — | $36,875 |
| EXPRESS SCRIPTS, INC. | Other Service Provider | $33,115 | — | $33,115 |
| PATTI DUBOSQUE | Recordkeeper | $29,415 | — | $29,415 |
| LINDABURY MCCORMICK ESTABROOK & COO | Other Service Provider | $20,716 | — | $20,716 |
| O'DONOGHUE & O'DONOGHUE, LLP | Other Service Provider | $14,644 | — | $14,644 |
| PAYCHEX | Recordkeeper | $14,505 | — | $14,505 |
| MCM TECH SOLUTIONS | Other Service Provider | $5,895 | — | $5,895 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JACKIE SWANSON — Recordkeeper
- SHERRY RASO — Recordkeeper
- JOHN SHALOO — Recordkeeper
- NOVAK FRANCELLA LLC — Auditor
- PATTI DUBOSQUE — Recordkeeper
- PAYCHEX — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,691,457
- Estimated Expense Ratio: 4.670% 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 | $1,387,763 | $67,375 | — | $40,500 | — |
| 2023 | $1,323,879 | $58,948 | — | $40,500 | — |
| 2022 | $1,277,036 | $85,231 | — | — | $240,665 |