Plan Snapshot
- Plan Sponsor: Plumbers & Pipefitters Local 9 Welfare Fund
- Sponsor EIN: 222212764
- Sponsor Address: 830 BEAR TAVERN ROAD, WEST TRENTON, NJ, 08628
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 659
- Total Assets: $43.7M
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 | 659 | $43.7M | $29.7M | $2.0M |
| 2023 | 643 | $39.0M | $27.6M | $2.0M |
| 2022 | 813 | $33.2M | $25.1M | $2.2M |
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 | $774,376 | — | $774,376 |
| IE SHAFFER & CO | Other Service Provider | $720,666 | — | $720,666 |
| EMPOWER ANNUITY INSURANCE COMPANY | Other Service Provider | $121,320 | — | $121,320 |
| GERSON & ASSOC., CPAS AND ADVISORS | Other Service Provider | $48,718 | — | $48,718 |
| EXPRESS SCRIPTS, INC | Other Service Provider | $47,358 | — | $47,358 |
| LINDABURY, MCCORMICK, ESTABROOK, CO | Other Service Provider | $40,200 | — | $40,200 |
| OBRIEN, BELLAND & BUSHINSKY | Other Service Provider | $16,714 | — | $16,714 |
| THE MCKEOGH COMPANY | Other Service Provider | $10,500 | — | $10,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,779,852
- Estimated Expense Ratio: 4.076% 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 | $1,026,277 | $121,320 | $720,666 | $48,718 | — |
| 2023 | $975,612 | $80,960 | $705,473 | $51,142 | — |
| 2022 | $779,495 | $85,079 | $535,365 | — | $109,272 |