Plan Snapshot
- Plan Sponsor: Refrigeration, A/C & Service Div. (Ua-Nj) Welfare Fund
- Sponsor EIN: 226211042
- Sponsor Address: PO BOX 1028, WEST TRENTON, NJ, 086280230
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,659
- Total Assets: $38.2M
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 | 1,659 | $38.2M | $49.1M | $918,636 |
| 2023 | 1,608 | $35.6M | $45.5M | $863,277 |
| 2022 | 1,544 | $31.0M | $41.6M | $892,325 |
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 |
|---|---|---|---|---|
| HORIZON HEALTHCARE SERVICES, INC | Other Service Provider | $1,320,451 | — | $1,320,451 |
| I.E. SHAFFER & CO | Other Service Provider | $939,743 | — | $939,743 |
| GERSON & ASSOC CPAS AND ADVISORS PC | Other Service Provider | $61,498 | — | $61,498 |
| OBRIEN, BELLAND & BUSHINSKY | Other Service Provider | $43,415 | — | $43,415 |
| LINDABURY & ESTABROOK | Other Service Provider | $34,415 | — | $34,415 |
| EMPOWER ANNUITY INSURANCE CO | Other Service Provider | $28,616 | — | $28,616 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,428,138
- Estimated Expense Ratio: 6.361% 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 | $1,153,780 | $28,616 | $939,743 | $61,498 | — |
| 2023 | $1,113,079 | $79,176 | $874,439 | $60,266 | — |
| 2022 | $1,138,325 | $78,738 | $802,797 | — | $205,443 |