Plan Snapshot
- Plan Sponsor: Trustees For The Electrical Welfare Trust Fund
- Sponsor EIN: 526038507
- Sponsor Address: 10003 DEREKWOOD LANE, SUITE 130, LANHAM, MD, 207064811
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 11,969
- Total Assets: $300.4M
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 | 11,969 | $300.4M | $176.0M | $4.4M |
| 2023 | 10,565 | $282.0M | $152.3M | $4.2M |
| 2022 | 10,476 | $265.6M | $151.7M | $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 |
|---|---|---|---|---|
| CVS PHARMACY, INC | Other Service Provider | $29,008,631 | — | $29,008,631 |
| UMR, INC. | Other Service Provider | $7,651,288 | — | $7,651,288 |
| EMPLOYEES OF ELECTRICAL WELFARE FD | Other Service Provider | $2,210,023 | — | $2,210,023 |
| JANUS ASSOCIATES, INC. | Other Service Provider | $569,811 | — | $569,811 |
| VIRTA MEDICAL P.C. | Other Service Provider | $544,207 | — | $544,207 |
| UNITED CONCORDIA DENTAL | Other Service Provider | $392,488 | — | $392,488 |
| CHARTWELL INVESTMENT PARTNERS, INC | Other Service Provider | $314,219 | — | $314,219 |
| CONTINENTAL TECHNOLOGIES, INC. | Other Service Provider | $293,640 | — | $293,640 |
| THE SEGAL COMPANY | Other Service Provider | $206,852 | — | $206,852 |
| SLEVIN AND HART, P.C. | ERISA Attorney | $133,857 | — | $133,857 |
| SIERRA INVESTMENT PARTNERS INC | Other Service Provider | $111,908 | — | $111,908 |
| SARFINO AND RHOADES | Other Service Provider | $100,536 | — | $100,536 |
| HELLO HEART | Other Service Provider | $99,810 | — | $99,810 |
| M&T BANK | Recordkeeper | $69,141 | — | $69,141 |
| WEDGE CAPITAL MANAGEMENT | Other Service Provider | $66,776 | — | $66,776 |
| SEGAL SELECT INSURANCE | Other Service Provider | $34,742 | — | $34,742 |
| INVESTMENT PERFORMANCE SERVICES LLC | Other Service Provider | $30,000 | — | $30,000 |
| MCCHESNEY AND DALE, PC | Other Service Provider | $15,063 | — | $15,063 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SLEVIN AND HART, P.C. — ERISA Attorney
- M&T BANK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,852,992
- Estimated Expense Ratio: 13.931% 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 | $3,790,461 | $522,885 | — | $100,536 | — |
| 2023 | $6,110,525 | $465,779 | — | $80,750 | — |
| 2022 | $7,593,537 | $520,307 | — | — | $532,133 |