Plan Snapshot
- Plan Sponsor: Plumbers & Steamfitters Local Union No. 396 Health & Welfare
- Sponsor EIN: 346545105
- Sponsor Address: 3660 STUTZ DRIVE, SUITE 101, CANFIELD, OH, 44406
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 400
- Total Assets: $18.0M
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 | 400 | $18.0M | $6.5M | $570,130 |
| 2023 | 419 | $17.0M | $6.7M | $594,571 |
| 2022 | 448 | $16.0M | $7.4M | $665,606 |
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 |
|---|---|---|---|---|
| HUMANA INSURANCE COMPANY | Other Service Provider | $306,461 | — | $306,461 |
| MEDICAL MUTUAL OF OHIO | Other Service Provider | $211,204 | — | $211,204 |
| BENESYS, INC. | Recordkeeper | $146,259 | — | $146,259 |
| PNC BANK, NATIONAL ASSOCIATION | Custodian / Trustee | $85,375 | — | $85,375 |
| THE SEGAL COMPANY | Other Service Provider | $42,945 | — | $42,945 |
| PLUMBERS LOCAL 396 COMBINED FUNDS | Other Service Provider | $30,555 | — | $30,555 |
| FAULKNER, HOFFMAN & PHILLIPS | ERISA Attorney | $20,868 | — | $20,868 |
| YURCHYK & DAVIS CPA'S, INC | Auditor | $8,900 | — | $8,900 |
| CITY PRINTING | Other Service Provider | $5,904 | — | $5,904 |
| PARSONS RISK STRATEGIES, LLC | Actuary | $5,500 | — | $5,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $863,971
- Estimated Expense Ratio: 4.795% 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 | $551,018 | — | $352,084 | $8,900 | — |
| 2023 | $552,271 | — | $345,971 | $8,900 | — |
| 2022 | $553,089 | $47,711 | $335,279 | — | $99,702 |