# Plumbers & Steamfitters Local Union No. 396 Health & Welfare Health & Welfare Plan
Source: https://planprovider.pro/companies/plumbers-steamfitters-local-union-no-396-health-welfare-346545105-501

> Plumbers & Steamfitters Local Union No. 396 Health & Welfare's Health & Welfare plan: 400 participants, plan year 2024 financials, providers, and benchmarks…

Form 5500 filing data for plan year 2024.

## 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|

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