Plan Snapshot
- Plan Sponsor: Trustees Of Plumbers & Steamfitter Local No 489 Annuity Plan
- Sponsor EIN: 521975410
- Sponsor Address: 2 PARK STREET, CUMBERLAND, MD, 21502
- Plan Type: DC
- Total Participants: 182
- Total Assets: $13.9M
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. |
|---|---|---|---|---|
| 2025 | 182 | $13.9M | $0 | $0 |
| 2024 | 183 | $13.5M | $0 | $0 |
| 2023 | 179 | $11.8M | $0 | $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 |
|---|---|---|---|---|
| TURNBULL, HOOVER, & KAHL, P.A. | Auditor | $15,000 | — | $15,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,000
- Estimated Expense Ratio: 0.108% 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 |
|---|---|---|---|---|---|
| 2025 | $63,396 | $26,183 | $12,400 | $15,000 | — |
| 2024 | $68,262 | $30,143 | $12,700 | $14,100 | — |
| 2023 | $59,188 | $19,905 | $18,772 | — | $19,675 |