Plan Snapshot
- Plan Sponsor: Trustees Of Afscme Local 54 Health & Welfare Fund
- Sponsor EIN: 232247372
- Sponsor Address: 2500 MCCLELLAN AVENUE, PENNSAUKEN, NJ, 08109
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 125
- Total Assets: $632,142
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 | 125 | $632,142 | $163,744 | $0 |
| 2023 | 113 | $602,107 | $168,503 | $0 |
| 2022 | 127 | $597,930 | $168,503 | $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 |
|---|---|---|---|---|
| WILLIG, WILLIAMS & DAVIDSON | ERISA Attorney | $7,543 | — | $7,543 |
| ALAN ROSS & COMPANY, PC | Other Service Provider | $6,700 | — | $6,700 |
| BENEFIT PROCCESING, INC | Other Service Provider | $5,800 | — | $5,800 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIG, WILLIAMS & DAVIDSON — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,043
- Estimated Expense Ratio: 3.171% 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 | $28,399 | $2,689 | $5,800 | $6,700 | — |
| 2023 | $32,301 | $2,726 | $10,800 | $6,700 | — |
| 2022 | $36,254 | $2,384 | $10,800 | — | $14,245 |