Plan Snapshot
- Plan Sponsor: Steamfitters Industry Welfare Fund Board Of Trustees
- Sponsor EIN: 131545680
- Sponsor Address: 27-08 40TH AVENUE, 2ND FLOOR, LONG ISLAND CITY, NY, 111013725
- Plan Type: 401(k)
- Plan Number: 502
- Total Participants: 2,208
- Total Assets: $78.7M
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 | 2,208 | $78.7M | $74.1M | $0 |
| 2023 | 2,214 | $91.7M | $69.4M | $0 |
| 2022 | 2,254 | $96.7M | $66.1M | $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 |
|---|---|---|---|---|
| EMPIRE HEALTHCHOICE ASSURANCE, INC. | Other Service Provider | $2,115,952 | — | $2,115,952 |
| EXPRESS SCRIPTS | Other Service Provider | $813,406 | — | $813,406 |
| VITECH SYSTEMS GROUP | Other Service Provider | $188,244 | — | $188,244 |
| LOUISE FURIO | Other Service Provider | $90,405 | — | $90,405 |
| ROGER ROSS | Other Service Provider | $80,182 | — | $80,182 |
| INTEGRITY PHARMACEUTICAL ADVISORS, | Other Service Provider | $75,000 | — | $75,000 |
| JAMES C. WHITE | Other Service Provider | $63,658 | — | $63,658 |
| THE SEGAL COMPANY | Other Service Provider | $58,273 | — | $58,273 |
| SEAN DRISCOLL | Other Service Provider | $56,302 | — | $56,302 |
| SABINA WRIGHT | Other Service Provider | $47,804 | — | $47,804 |
| FRANCES MCCANN | Other Service Provider | $40,238 | — | $40,238 |
| TIMOTHY POWERS | Other Service Provider | $39,088 | — | $39,088 |
| LAPADULA, CARLSON & CO., CPA | Auditor | $35,000 | — | $35,000 |
| SEGAL MARCO ADVISORS | Other Service Provider | $35,000 | — | $35,000 |
| SEGAL SELECT INSURANCE SERVICES | Other Service Provider | $31,860 | — | $31,860 |
| ROBERT LUGONES | Other Service Provider | $31,707 | — | $31,707 |
| TYLER WENGERT | Other Service Provider | $28,810 | — | $28,810 |
| CHUBB & SON | Other Service Provider | $21,489 | — | $21,489 |
| COLLERAN, O'HARA, MILLS LLP | Other Service Provider | $20,357 | — | $20,357 |
| LINDABURY MCCORMICK ESTABROOK & COO | Other Service Provider | $20,060 | — | $20,060 |
| EMPOWER ANNUITY INSURANCE COMPANY | Other Service Provider | $13,618 | — | $13,618 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $10,578 | — | $10,578 |
| AUTOMATIC DATA PROCESSING | Other Service Provider | $5,819 | — | $5,819 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LAPADULA, CARLSON & CO., CPA — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,922,850
- Estimated Expense Ratio: 4.985% 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 | $2,144,634 | $283,630 | $75,000 | $35,000 | — |
| 2023 | $2,292,246 | $309,307 | $120,000 | $33,750 | — |
| 2022 | $2,342,726 | $373,028 | — | — | $124,836 |