Plan Snapshot
- Plan Sponsor: Plumbers And Steamfitters Local No. 7 Welfare Fund
- Sponsor EIN: 146029930
- Sponsor Address: 18 AVIS DRIVE, LATHAM, NY, 121102605
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 858
- Total Assets: $99.1M
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 | 858 | $99.1M | $15.8M | $833,709 |
| 2023 | 864 | $93.1M | $14.4M | $835,978 |
| 2022 | 787 | $83.8M | $14.4M | $830,990 |
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 |
|---|---|---|---|---|
| CAPITAL DISTRICT PHYSICIANS HEALTH | Other Service Provider | $468,377 | — | $468,377 |
| EXPRESS SCRIPTS | Other Service Provider | $128,512 | — | $128,512 |
| RETIREE FIRST | Other Service Provider | $83,085 | — | $83,085 |
| RYAN HEIMROTH | Other Service Provider | $75,574 | — | $75,574 |
| NEW CENTURY ADVISORS | Other Service Provider | $61,416 | — | $61,416 |
| SILVERCREST ASSET MANAGEMENT GROUP | Other Service Provider | $61,090 | — | $61,090 |
| BOLTON PARTNERS NORTHEAST, INC. | Other Service Provider | $53,150 | — | $53,150 |
| LESLIE A. VANDENBURGH-BALDWIN | Other Service Provider | $45,208 | — | $45,208 |
| TRACEY REX | Other Service Provider | $45,208 | — | $45,208 |
| BLITMAN & KING | Other Service Provider | $44,198 | — | $44,198 |
| INCOME RESEARCH + MANAGEMENT | Other Service Provider | $43,550 | — | $43,550 |
| MENGEL, METZGER, BARR, AND CO., | Auditor | $41,152 | — | $41,152 |
| WESTWOOD MANAGMENT CORP. | Other Service Provider | — | $36,846 | $36,846 |
| DELTA DENTAL SERVICES | Other Service Provider | $27,534 | — | $27,534 |
| MPC CAPITAL ADVISORS LLC | Other Service Provider | $22,132 | — | $22,132 |
| US BANK | Recordkeeper | $10,458 | — | $10,458 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MENGEL, METZGER, BARR, AND CO., — Auditor
- US BANK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,247,490
- Estimated Expense Ratio: 1.259% 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 | $950,856 | $198,646 | — | $41,152 | — |
| 2023 | $872,711 | $274,973 | — | $38,755 | — |
| 2022 | $801,761 | $192,634 | — | — | $119,322 |