# Plumbers Local Union No 24 Welfare Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/plumbers-local-union-no-24-welfare-fund-226044230-501

> Plumbers Local Union No 24 Welfare Fund's Health & Welfare plan: 598 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 No 24 Welfare Fund

- **Sponsor EIN:** 226044230

- **Sponsor Address:** PO BOX 1028, WEST TRENTON, NJ, 086280230

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 598

- **Total Assets:** $43.2M

## 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|598|$43.2M|$19.8M|$770,941|

| 2023|609|$41.1M|$19.6M|$712,242|

| 2022|582|$39.4M|$17.9M|$803,139|

## 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|

| HORIZON HEALTHCARE SERVICES, INC|Other Service Provider|$402,363|—|$402,363|

| I E SHAFFER & CO|Other Service Provider|$342,291|—|$342,291|

| LABOR FIRST LLC|Other Service Provider|$87,581|—|$87,581|

| PLUMBERS LOCAL UNION NO. 24|Other Service Provider|$79,827|—|$79,827|

| GERSON & ASSOCIATES CPAS AND ADVISO|Other Service Provider|$39,115|—|$39,115|

| WEAVER C BARKSDALE|Other Service Provider|$37,796|—|$37,796|

| BASIL CASTROVINCI ASSOCIATES|Other Service Provider|$30,715|—|$30,715|

| ORNASKY, SCARAGGI, & BORG, PC|Other Service Provider|$23,591|—|$23,591|

| LINDABURY, MCCORMICK & ESTABROOK|Other Service Provider|$13,445|—|$13,445|

| ZAZZALI, FAGELLA, NOWAK KLEINBAUM|Other Service Provider|$8,667|—|$8,667|

| AMALGAMATED BANK|Other Service Provider|$8,565|—|$8,565|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $1,073,956

- **Estimated Expense Ratio:** 2.487% 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|$799,397|$42,619|$342,291|$39,115|—|

| 2023|$767,735|$42,456|$337,958|$42,082|—|

| 2022|$800,077|$44,445|$325,329|—|$127,562|

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