Plan Snapshot
- Plan Sponsor: Sprinkler Fitters And Apprentices Local Union No. 550
- Sponsor EIN: 041859910
- Sponsor Address: 46 ROCKLAND STREET, BOSTON, MA, 02132
- Plan Type: DC
- Total Participants: 787
- Total Assets: $172.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 787 | $172.9M | $14.0M | $0 |
| 2023 | 783 | $150.1M | $13.0M | $0 |
| 2022 | 785 | $119.6M | $12.9M | $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 |
|---|---|---|---|---|
| THE ANGELL PENSION GROUP INC. | Recordkeeper | $48,911 | — | $48,911 |
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $36,000 | — | $36,000 |
| SPRINKLER FITTERS AND APPRENTICES | Other Service Provider | $34,000 | — | $34,000 |
| GOULET, SALVIDIO ASSOCIATES, PC | Other Service Provider | $23,000 | — | $23,000 |
| PRINTING UNLIMITED | Other Service Provider | $5,402 | — | $5,402 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $147,313
- Estimated Expense Ratio: 0.085% 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 | $315,462 | $36,000 | $82,561 | $23,000 | — |
| 2023 | $263,925 | $36,000 | $69,687 | $24,750 | — |
| 2022 | $324,493 | $83,834 | $30,000 | — | $21,650 |