Plan Snapshot
- Plan Sponsor: Plumbers & Steamfitters Local 489 Pension Trust Fund Trustees
- Sponsor EIN: 520580681
- Sponsor Address: 2 PARK STREET, CUMBERLAND, MD, 21502
- Plan Type: DB
- Plan Number: 001
- Total Participants: 114
- Total Assets: $27.9M
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 | 114 | $27.9M | $1.5M | $0 |
| 2023 | 115 | $27.1M | $1.4M | $0 |
| 2022 | 116 | $24.4M | $1.5M | $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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY, LLC | Other Service Provider | $272,022 | — | $272,022 |
| FRANK GORDON GERWIG & ASSOCIATES | Other Service Provider | $42,350 | — | $42,350 |
| TURNBULL, HOOVER & KAHL PA | Other Service Provider | $29,750 | — | $29,750 |
| CBIZ BENEFITS AND INSURANCE SERVICE | Other Service Provider | $18,575 | — | $18,575 |
| BEINS, AXELROD P.C. | Other Service Provider | $15,040 | — | $15,040 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $377,737
- Estimated Expense Ratio: 1.356% 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 | $399,646 | $272,022 | $42,350 | $29,750 | — |
| 2023 | $368,088 | $252,222 | $41,200 | $28,100 | — |
| 2022 | $354,419 | $232,363 | $40,200 | — | $65,133 |