# Tidewater Electrical Industry Health Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/tidewater-electrical-industry-health-fund-546052370-501

> Tidewater Electrical Industry Health Fund's Health & Welfare plan: 459 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Tidewater Electrical Industry Health Fund

- **Sponsor EIN:** 546052370

- **Sponsor Address:** 5305 VIRGINIA BEACH BLVD., NORFOLK, VA, 23502

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 459

- **Total Assets:** $4.7M

## 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|459|$4.7M|$5.3M|$289,593|

| 2023|394|$5.1M|$4.9M|$316,819|

| 2022|414|$4.8M|$5.2M|$408,782|

## 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|Investment Advisor|$238,089|—|$238,089|

| SOUTHERN BENEFIT ADMINISTRATORS|Other Service Provider|$140,642|—|$140,642|

| DANIELS, IRWIN & AYLOR|Auditor|$15,825|—|$15,825|

| STRANCH, JENNINGS & GARVEY PLLC|Other Service Provider|$15,335|—|$15,335|

| WILBANKS, SMITH & THOMAS ASSET MGMT|Other Service Provider|$9,485|—|$9,485|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [ANTHEM](https://planprovider.pro/provider/marsh-mclennan-agency) — Investment Advisor

- [DANIELS, IRWIN & AYLOR](https://planprovider.pro/provider/daniels-irwin-and-aylor) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $419,376

- **Estimated Expense Ratio:** 8.846% 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|$474,413|$9,485|$120,000|$15,825|—|

| 2023|$436,811|$9,593|$120,000|$16,075|—|

| 2022|$434,975|$8,619|$120,000|—|$36,635|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/tidewater-electrical-industry-health-fund-546052370-501)

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