# Plumbers & Steamfitters Local 42 Health & Welfare Plan Health & Welfare Plan
Source: https://planprovider.pro/companies/plumbers-steamfitters-local-42-health-welfare-plan-237404076-501

> Plumbers & Steamfitters Local 42 Health & Welfare Plan's Health & Welfare plan: 218 participants, plan year 2024 financials, providers, and benchmarks from F…

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/payne-nickles-and-company) — 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|

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