# Trustees Local 147 Construction Workers Welfare Fund 401(k) Plan
Source: https://planprovider.pro/companies/trustees-local-147-construction-workers-welfare-fund-136101595-501

> Trustees Local 147 Construction Workers Welfare Fund's 401(k) plan: 86 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Trustees Local 147 Construction Workers Welfare Fund

- **Sponsor EIN:** 136101595

- **Sponsor Address:** 36 HOPATCHUNG ROAD, HOPATCONG, NJ, 078431524

- **Plan Type:** 401(k)

- **Plan Number:** 501

- **Total Participants:** 86

- **Total Assets:** $4.0M

## 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|86|$4.0M|$3.6M|$119,488|

| 2023|55|$2.9M|$2.5M|$139,921|

| 2022|37|$2.2M|$1.6M|$140,984|

## 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|

| BASIL CASTROVINCI ASSOCIATES, INC.|Other Service Provider|$37,500|—|$37,500|

| MANNING RUSSO, LLC|ERISA Attorney|$24,000|—|$24,000|

| MSPC, CPAS AND ADVISORS, P.C.|Auditor|$15,510|—|$15,510|

| GOULD, KOBRICK & SCHLAPP, P.C.|Auditor|$14,000|—|$14,000|

### Verified Provider Profiles

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

- [MSPC, CPAS AND ADVISORS, P.C.](https://planprovider.pro/provider/mspc-certified-public-accountants-and) — Auditor

- [GOULD, KOBRICK & SCHLAPP, P.C.](https://planprovider.pro/provider/gould-kobrick-and-schlapp-pc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $91,010

- **Estimated Expense Ratio:** 2.259% 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|$104,025|—|$37,500|$29,510|—|

| 2023|$89,390|$484|$37,500|$14,000|—|

| 2022|$88,756|$484|$37,500|—|$38,000|

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