Plan Snapshot
- Plan Sponsor: Plumbers & Fitters Local Union No. 110 Benefit Trust Fund
- Sponsor EIN: 546058147
- Sponsor Address: 5305 VIRGINIA BEACH BLVD., NORFOLK, VA, 23502
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 502
- Total Assets: $19.5M
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 | 502 | $19.5M | $6.5M | $514,933 |
| 2023 | 411 | $17.1M | $5.6M | $539,339 |
| 2022 | 411 | $14.7M | $5.1M | $542,421 |
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 |
|---|---|---|---|---|
| ANTHEM BLUE CROSS BLUE SHIELD | Investment Advisor | $252,624 | — | $252,624 |
| SOUTHERN BENEFIT ADMINISTRATORS | Other Service Provider | $222,841 | — | $222,841 |
| WILBANKS SMITH & THOMAS ASSET MGMT | Other Service Provider | $39,176 | — | $39,176 |
| DANIELS, IRWIN & AYLOR | Auditor | $19,250 | — | $19,250 |
| SWIFTMD | Other Service Provider | $13,465 | — | $13,465 |
| REYNOLDS CONSULTING SERVICES | Other Service Provider | $10,000 | — | $10,000 |
| STRANCH JENNINGS & GARVEY | Other Service Provider | $9,778 | — | $9,778 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ANTHEM BLUE CROSS BLUE SHIELD — Investment Advisor
- DANIELS, IRWIN & AYLOR — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $567,134
- Estimated Expense Ratio: 2.904% 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 | $604,431 | $49,176 | $192,000 | $19,250 | — |
| 2023 | $532,215 | $29,962 | $178,800 | $20,800 | — |
| 2022 | $539,361 | $26,841 | $177,600 | — | $42,089 |