Plan Snapshot
- Plan Sponsor: Plumbers & Steamfitters Local 42 Health & Welfare Plan
- Sponsor EIN: 237404076
- Sponsor Address: P.O. BOX 638, NORWALK, OH, 44857
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 218
- Total Assets: $13.3M
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 | 218 | $13.3M | $5.9M | $594,674 |
| 2023 | 203 | $10.7M | $5.1M | $501,336 |
| 2022 | 176 | $8.1M | $4.4M | $601,372 |
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 |
|---|---|---|---|---|
| AMERICAN BENEFIT CORPORATION | Recordkeeper | $128,710 | — | $128,710 |
| NORTHWESTERN OHIO ADMINISTRATORS | Recordkeeper | $104,068 | — | $104,068 |
| ALLOTTA, FARLEY & CO., LPA | ERISA Attorney | $73,356 | — | $73,356 |
| DENISE MANN | Other Service Provider | $60,877 | — | $60,877 |
| SEGAL CONSULTING | Actuary | $53,000 | $7,267 | $60,267 |
| PNC BANK | Investment Advisor | $47,977 | — | $47,977 |
| PAYNE NICKLES & CO. | Auditor | $36,226 | — | $36,226 |
| COSTCO HEALTH SOLUTIONS, INC. | Other Service Provider | $25,946 | — | $25,946 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYNE NICKLES & CO. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $537,427
- Estimated Expense Ratio: 4.037% 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 | $607,889 | $47,977 | $264,747 | $36,226 | — |
| 2023 | $492,525 | $35,163 | $221,427 | $30,950 | — |
| 2022 | $484,011 | $25,696 | $179,935 | — | $176,750 |