Plan Snapshot
- Plan Sponsor: Retail Wholesale Dept Store Union Local 1034 Health And Welfare Plan
- Sponsor EIN: 237105550
- Sponsor Address: 485 DEVON PARK DRIVE, WAYNE, PA, 19087
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 301
- Total Assets: $865,772
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 | 301 | $865,772 | $1.6M | $0 |
| 2023 | 301 | $974,447 | $1.4M | $0 |
| 2022 | 311 | $1.1M | $1.4M | $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 |
|---|---|---|---|---|
| O NEILL EMPLOYEE BENEFITS | Other Service Provider | $16,968 | — | $16,968 |
| SPEAR WILDERMAN | Other Service Provider | $13,609 | — | $13,609 |
| CHERNOW KURTZMAN AND COMPANY, P.C. | Other Service Provider | $12,250 | — | $12,250 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $42,827
- Estimated Expense Ratio: 4.947% 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 | $103,227 | $1,792 | $16,968 | $12,250 | — |
| 2023 | $107,031 | $2,641 | $16,968 | $12,250 | — |
| 2022 | $103,283 | $3,512 | $16,968 | — | $26,390 |