# Plumbers Local Union 55 Health & Welfare Plan
Source: https://planprovider.pro/companies/plumbers-local-union-55-341269418-502

> Plumbers Local Union 55's Health & Welfare plan: 476 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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