Plan Snapshot
- Plan Sponsor: Plumbers And Steamfitters Local 486 Severance And Annuity/401(K) Plan
- Sponsor EIN: 521190205
- Sponsor Address: 7130 COLUMBIA GATEWAY DRIVE, COLUMBIA, MD, 210460000
- Plan Type: 401(k)
- Total Participants: 4,352
- Total Assets: $391.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 4,352 | $391.7M | $11.6M | $6.0M |
| 2023 | 4,163 | $350.8M | $9.8M | $4.6M |
| 2022 | 4,161 | $299.6M | $9.1M | $4.5M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS CO OF AMERICA | Other Service Provider | $652,481 | — | $652,481 |
| ABATO, RUBENSTEIN & ABATO | Other Service Provider | $86,313 | — | $86,313 |
| ZENITH AMERICAN SOLUTIONS | Other Service Provider | $66,821 | — | $66,821 |
| BENESYS, INC. | Other Service Provider | $37,990 | — | $37,990 |
| SEGAL MARCO ADVISORS | Other Service Provider | $30,000 | — | $30,000 |
| ROBERT BENNETT | Custodian / Trustee | $7,701 | — | $7,701 |
| ANDREW GANNON | Custodian / Trustee | $7,701 | — | $7,701 |
| SEGAL SELECT INSURANCE SERVICES | Other Service Provider | — | $6,270 | $6,270 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $895,277
- Estimated Expense Ratio: 0.229% 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 | $1,012,697 | $30,000 | $104,811 | $14,000 | — |
| 2023 | $1,039,854 | $38,100 | $89,095 | $22,330 | — |
| 2022 | $1,016,663 | $717,312 | $89,095 | — | $102,133 |