# Shopmen Iron Workers Welfare Plan Of Philadelphia & Vicinity Health & Welfare Plan
Source: https://planprovider.pro/companies/shopmen-iron-workers-welfare-plan-of-philadelphia-vicinity-236294355-501

> Shopmen Iron Workers Welfare Plan Of Philadelphia & Vicinity's Health & Welfare plan: 122 participants, plan year 2024 financials, providers, and benchmarks…

Form 5500 filing data for plan year 2024.

## 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:** Health & Welfare

- **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|

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