Plan Snapshot
- Plan Sponsor: Plumbers Local 24 Annuity Fund
- Sponsor EIN: 222372054
- Sponsor Address: PO BOX 1028, WEST TRENTON, NJ, 086280230
- Plan Type: DC
- Plan Number: 001
- Total Participants: 758
- Total Assets: $190.1M
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 | 758 | $190.1M | $6.8M | $0 |
| 2023 | 947 | $183.3M | $6.9M | $0 |
| 2022 | 930 | $172.1M | $6.6M | $209,935 |
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 |
|---|---|---|---|---|
| PLUMBERS LOCAL 24 ANNUITY FUND | Other Service Provider | $392,658 | — | $392,658 |
| I E SHAFFER & CO. | Other Service Provider | $93,788 | — | $93,788 |
| PLUMBERS LOCAL UNION NO. 24 | Other Service Provider | $79,827 | — | $79,827 |
| GERSON & ASSOCIATES CPAS AND ADV, P | Other Service Provider | $34,115 | — | $34,115 |
| MORGAN STANLEY GRAYSTONE | Recordkeeper | $29,920 | — | $29,920 |
| ORNASKY, SCARAGGI, BORG & ABBAMONT | Other Service Provider | $17,240 | — | $17,240 |
| LINDABURY MCCORMICK & ESTABROOK | Other Service Provider | $13,126 | — | $13,126 |
| ZAZZALI, FAGELLA, NOWAK, ET AL | Other Service Provider | $7,583 | — | $7,583 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY GRAYSTONE — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $668,257
- Estimated Expense Ratio: 0.352% 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 | $329,036 | $29,920 | $93,788 | $34,115 | — |
| 2023 | $284,031 | $29,920 | $88,750 | $37,082 | — |
| 2022 | $283,398 | $29,920 | $84,251 | — | $77,997 |