# Plumbers & Steamfitters Local 489 Pension Trust Fund Trustees DB Plan
Source: https://planprovider.pro/companies/plumbers-steamfitters-local-489-pension-trust-fund-trustees-520580681-001

> Plumbers & Steamfitters Local 489 Pension Trust Fund Trustees's DB plan: 114 participants, plan year 2024 financials, providers, and benchmarks from Form 550…

Form 5500 filing data for plan year 2024.

## 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|

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