Plan Snapshot
- Plan Sponsor: The Steamfitting Industry Labor Management Cooperation Committee
- Sponsor EIN: 367498676
- Sponsor Address: 27-08 40TH AVE, 2ND FLOOR, LONG ISLAND CITY, NY, 111013725
- Plan Type: 401(k)
- Plan Number: 506
- Total Participants: 1,980
- Total Assets: $625,583
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 | 1,980 | $625,583 | $146,883 | $0 |
| 2023 | 1,981 | $663,555 | $141,298 | $0 |
| 2022 | 2,090 | $694,317 | $145,236 | $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 |
|---|---|---|---|---|
| LAPADULA, CARLSON & CO., CPA | Auditor | $3,000 | — | $3,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,000
- Estimated Expense Ratio: 0.480% 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 | $190,333 | — | — | $3,000 | — |
| 2023 | $218,107 | — | — | $2,775 | — |
| 2022 | $132,785 | — | — | — | $3,196 |