Plan Snapshot
- Plan Sponsor: Shopmen Iron Workers Welfare Plan Of Philadelphia & Vicinity
- Sponsor EIN: 236294355
- Sponsor Address: 168 W. RIDGE PIKE SUITE 107A, LIMERICK, PA, 19468
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 122
- Total Assets: $4.2M
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 | 122 | $4.2M | $2.4M | $35,245 |
| 2023 | 126 | $4.1M | $2.5M | $36,787 |
| 2022 | 127 | $3.9M | $2.4M | $37,728 |
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 |
|---|---|---|---|---|
| THE SEGAL COMPANY | Other Service Provider | $38,000 | — | $38,000 |
| DOREEN FRIEL | Other Service Provider | $34,042 | — | $34,042 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $21,565 | — | $21,565 |
| FISCHER DORWART, P.C. | Other Service Provider | $19,005 | — | $19,005 |
| GRAYSTONE CONSULTING MORGAN STANLEY | Other Service Provider | $16,754 | — | $16,754 |
| CIGNA | Other Service Provider | $6,524 | — | $6,524 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $135,890
- Estimated Expense Ratio: 3.215% 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 | $204,406 | $16,754 | — | $19,005 | — |
| 2023 | $240,490 | $16,202 | — | $19,000 | — |
| 2022 | $235,130 | $28,662 | — | — | $69,968 |