Plan Snapshot
- Plan Sponsor: Plumbers Pension Fund Local 24 Board Of Trustees
- Sponsor EIN: 226042823
- Sponsor Address: PO BOX 1028, WEST TRENTON, NJ, 086280230
- Plan Type: DB
- Plan Number: 001
- Total Participants: 569
- Total Assets: $207.8M
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 | 569 | $207.8M | $8.0M | $0 |
| 2023 | 575 | $198.8M | $8.9M | $0 |
| 2022 | 581 | $188.4M | $8.4M | $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 |
|---|---|---|---|---|
| I E SHAFFER & CO | Other Service Provider | $168,886 | — | $168,886 |
| J P MORGAN INVESTMENT ADVISORS | Recordkeeper | $119,295 | — | $119,295 |
| EAGLE CAPITAL MANAGEMENT | Investment Advisor | $117,597 | — | $117,597 |
| SAGE ADVISORY | Other Service Provider | $97,505 | — | $97,505 |
| WCM INVESTMENT MANAGEMENT LLC | Other Service Provider | $96,873 | — | $96,873 |
| PLUMBERS LOCAL UNION NO. 24 | Other Service Provider | $74,657 | — | $74,657 |
| CRAWFORD INVESTMENT COUNSEL, INC | Other Service Provider | $70,358 | — | $70,358 |
| WEAVER C. BARKSDALE & ASSOCIATES | Other Service Provider | $68,325 | — | $68,325 |
| THE UNION LABOR LIFE INSURANCE CO | Recordkeeper | $59,614 | — | $59,614 |
| DA GERSON, CPA & ADVISORS | Other Service Provider | $59,115 | — | $59,115 |
| BASIL CASTROVINCI ASSOCIATES | Other Service Provider | $51,146 | — | $51,146 |
| AMALGAMATED BANK | Other Service Provider | $49,797 | — | $49,797 |
| MORGAN STANLEY GRAYSTONE | Recordkeeper | $34,000 | — | $34,000 |
| MANNING AND NAPIER ADVISORS | Recordkeeper | $33,110 | — | $33,110 |
| LINDABURY MCCORMICK & ESTABROOK | Other Service Provider | $24,615 | — | $24,615 |
| ORANSKY, SCARAGGI, BORG & ABBAMMONT | Other Service Provider | $19,806 | — | $19,806 |
| ZAZZALI, FAGELLA, NOWAK, ET AL | Other Service Provider | $11,000 | — | $11,000 |
| THE NORTHERN TRUST COMPANY | Other Service Provider | $9,693 | — | $9,693 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- J P MORGAN INVESTMENT ADVISORS — Recordkeeper
- EAGLE CAPITAL MANAGEMENT — Investment Advisor
- THE UNION LABOR LIFE INSURANCE CO — Recordkeeper
- MORGAN STANLEY GRAYSTONE — Recordkeeper
- MANNING AND NAPIER ADVISORS — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,165,392
- Estimated Expense Ratio: 0.561% 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 | $1,354,766 | $776,381 | $168,886 | $59,115 | — |
| 2023 | $1,321,082 | $767,278 | $158,704 | $62,082 | — |
| 2022 | $1,125,746 | $421,903 | $166,651 | — | $191,578 |