Plan Snapshot
- Plan Sponsor: Plumbers & Steamfitters Local 247 Health & Welfare Fund
- Sponsor EIN: 726041321
- Sponsor Address: P.O. BOX 1449, GOODLETTSVILLE, TN, 370701449
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 187
- Total Assets: $7.4M
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 | 187 | $7.4M | $2.4M | $112,848 |
| 2023 | 187 | $6.8M | $2.4M | $115,856 |
| 2022 | 205 | $6.0M | $2.4M | $141,180 |
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 |
|---|---|---|---|---|
| BLUECROSS BLUESHIELD OF ILLINOIS | Other Service Provider | $120,176 | — | $120,176 |
| SOUTHERN BENEFIT ADMINISTRATORS INC | Other Service Provider | $119,043 | — | $119,043 |
| DANIELS, IRWIN & AYLOR CPAS | Other Service Provider | $15,100 | — | $15,100 |
| REGIONS BANK | Other Service Provider | $10,148 | — | $10,148 |
| ROBEIN URANN SPENCER PICARD CANGEMI | Other Service Provider | $9,462 | — | $9,462 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $273,929
- Estimated Expense Ratio: 3.722% 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 | $312,554 | — | $93,600 | $15,100 | — |
| 2023 | $280,763 | — | $93,600 | $15,650 | — |
| 2022 | $301,890 | — | $93,600 | — | $31,231 |