Plan Snapshot
- Plan Sponsor: Steelworkers Health And Welfare Fund
- Sponsor EIN: 231317409
- Sponsor Address: 60 BOULEVARD OF THE ALLIES 5TH FL, PITTSBURGH, PA, 15222
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 51,221
- Total Assets: $110.2M
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 | 51,221 | $110.2M | $901.0M | $2.6M |
| 2023 | 50,358 | $105.8M | $879.3M | $2.6M |
| 2022 | 48,737 | $64.7M | $816.7M | $4.1M |
| 2020 | 47,136 | $67.1M | $795.5M | $3.9M |
| 2019 | 50,662 | $58.5M | $811.0M | $4.0M |
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 |
|---|---|---|---|---|
| ANTHEM BLUE CROSS LIFE AND HEALTH I | Other Service Provider | $7,826,837 | — | $7,826,837 |
| HIGHMARK | Other Service Provider | $5,593,552 | — | $5,593,552 |
| CENTRAL DATA SERVICES, INC | Other Service Provider | $1,602,262 | — | $1,602,262 |
| UNITED CONCORDIA COMPANIES, INC. | Other Service Provider | $461,538 | — | $461,538 |
| DIANE PICKLE | Other Service Provider | $141,236 | — | $141,236 |
| WITHUM | Auditor | $110,018 | — | $110,018 |
| MARGARET BIBB | Other Service Provider | $88,163 | — | $88,163 |
| MORIAH JAMROM | Other Service Provider | $88,163 | — | $88,163 |
| CONSOLIDATED GRAPHIC COMMUNICATIONS | Other Service Provider | $78,480 | — | $78,480 |
| GALLAGHER FIDUCIARY ADVISORS LLC | Investment Advisor | $72,500 | — | $72,500 |
| INNOVEST PORTFOLIO SOLUTIONS | Other Service Provider | $72,460 | — | $72,460 |
| DAVIS VISION | Other Service Provider | $61,994 | — | $61,994 |
| RICHMOND CAPITAL MANAGEMENT | Other Service Provider | $52,701 | — | $52,701 |
| BREDHOFF & KAISER | ERISA Attorney | $36,509 | — | $36,509 |
| AMERISERV TRUST | Other Service Provider | $29,432 | — | $29,432 |
| AMERICAN PRODUCTS, INC. | Other Service Provider | $19,178 | — | $19,178 |
| DOCUSIGN | Other Service Provider | $6,359 | — | $6,359 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUM — Auditor
- GALLAGHER FIDUCIARY ADVISORS LLC — Investment Advisor
- BREDHOFF & KAISER — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $16,341,382
- Estimated Expense Ratio: 14.833% 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 | $16,836,186 | $135,684 | $15,428,431 | $110,018 | — |
| 2023 | $16,167,116 | $47,083 | $14,941,947 | $58,968 | — |
| 2022 | $2,666,346 | $139,573 | $1,375,976 | — | $178,803 |
| 2020 | $2,379,310 | $56,502 | $1,316,158 | $69,864 | — |
| 2019 | $2,630,568 | $52,325 | $1,400,105 | $55,682 | — |