Plan Snapshot
- Plan Sponsor: Plumbers Local Union 55
- Sponsor EIN: 341269418
- Sponsor Address: 980 KEYNOTE CIRCLE, BROOKLYN HEIGHTS, OH, 44131
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 476
- Total Assets: $1.3M
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 | 476 | $1.3M | $105,008 | $0 |
| 2023 | 478 | $1.3M | $25,155 | $0 |
| 2022 | 432 | $1.4M | $7,577 | $0 |
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 UNION 55 | Other Service Provider | $30,500 | — | $30,500 |
| CIUNI & PANICHI, INC. | Other Service Provider | $20,325 | — | $20,325 |
| THE SEGAL COMPANY | Other Service Provider | $9,501 | — | $9,501 |
| MARINER WEALTH ADVISORS | Other Service Provider | $7,017 | — | $7,017 |
| FAULKNER HOFFMAN & PHILLIPS LLC | Other Service Provider | $5,913 | — | $5,913 |
| CONTEMPORARY ACCOUNTING LLC | Other Service Provider | $5,577 | — | $5,577 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $78,833
- Estimated Expense Ratio: 6.126% 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 | $97,532 | $7,017 | — | $20,325 | — |
| 2023 | $83,824 | $7,000 | — | $22,043 | — |
| 2022 | $82,791 | $7,167 | — | — | $42,635 |