# Sprinkler Fitters And Apprentices Local Union No. 550 DC Plan
Source: https://planprovider.pro/companies/sprinkler-fitters-and-apprentices-local-union-no-550-plan

> Sprinkler Fitters And Apprentices Local Union No. 550's DC plan: 787 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| GOULET, SALVIDIO & ASSOCIATES, P.C.|Auditor|$23,000|—|$23,000|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $23,000

- **Estimated Expense Ratio:** 0.013% 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|

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