Plan Snapshot
- Plan Sponsor: Trustees Of Carp Local Union No 491 Health And Welfare Plan
- Sponsor EIN: 521252611
- Sponsor Address: 911 RIDGEBROOK RD, SPARKS, MD, 211529459
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 499
- Total Assets: $9.8M
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 | 499 | $9.8M | $4.4M | $1.1M |
| 2023 | 460 | $8.8M | $4.1M | $984,112 |
| 2022 | 418 | $7.3M | $3.7M | $898,935 |
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 |
|---|---|---|---|---|
| UNION LABOR LIFE INSURANCE COMPANY | Other Service Provider | $284,506 | — | $284,506 |
| ASSOCIATED ADMINISTRATORS | Other Service Provider | $143,435 | — | $143,435 |
| INDEPENDENCE ADMNISTRATORS | Other Service Provider | $126,498 | — | $126,498 |
| BATOFF ASSOCIATES PA | Other Service Provider | $35,627 | — | $35,627 |
| BOLTON PARTNERS INVESTMENT CONSULTI | Other Service Provider | $20,000 | — | $20,000 |
| IRA MARC MILLER AND CO PA | Other Service Provider | $18,675 | — | $18,675 |
| PNC BANK | Other Service Provider | $8,788 | — | $8,788 |
| YORK INSURANCE SERVICES | Other Service Provider | $5,495 | — | $5,495 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $643,024
- Estimated Expense Ratio: 6.587% 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 | $473,974 | $5,053 | $269,933 | $18,875 | — |
| 2023 | $631,480 | $5,193 | $259,762 | $18,000 | — |
| 2022 | $549,065 | $4,480 | $259,036 | — | $63,748 |