Plan Snapshot
- Plan Sponsor: Trustees Of P&P Lu74 Scholarship Pipefitters Local Union 74
- Sponsor EIN: 510368359
- Sponsor Address: 1000 N.WEST STREET, STE 1267, WILMINGTON, DE, 19801
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 441
- Total Assets: $161,894
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 | 441 | $161,894 | $108,116 | $0 |
| 2023 | 436 | $192,018 | $119,866 | $0 |
| 2022 | 431 | $268,136 | $112,498 | $0 |
| 2020 | 358 | $347,605 | $74,528 | $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 |
|---|---|---|---|---|
| WHISMAN, GIORDANO & ASSOCIATES | Auditor | $13,785 | — | $13,785 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WHISMAN, GIORDANO & ASSOCIATES — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,785
- Estimated Expense Ratio: 8.515% 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 | $20,164 | — | $4,008 | — | — |
| 2023 | $20,019 | — | $4,183 | — | — |
| 2022 | $18,598 | — | $4,048 | — | $13,498 |
| 2020 | $10,956 | — | $3,930 | — | $6,779 |