Plan Snapshot
- Plan Sponsor: Trustees Plumbers & Steamfitters L 248 Health And Welfare Fund
- Sponsor EIN: 616038481
- Sponsor Address: 230 LEXINGTON GREEN CIRCLE, LEXINGTON, KY, 40503
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 364
- Total Assets: $11.0M
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 | 364 | $11.0M | $6.3M | $650,895 |
| 2023 | 331 | $10.0M | $6.1M | $687,671 |
| 2022 | 306 | $8.8M | $5.1M | $725,059 |
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 |
|---|---|---|---|---|
| UMR | Other Service Provider | $103,908 | — | $103,908 |
| USI INSURANCE SERVICES | Other Service Provider | $75,000 | — | $75,000 |
| LEDBETTER PARTNERS LLC | Other Service Provider | $31,975 | — | $31,975 |
| MELISSA LOGAN | Other Service Provider | $27,685 | — | $27,685 |
| STANDARD VALUATIONS | Other Service Provider | $16,700 | — | $16,700 |
| FRANK N HESTAND CPA PSC | Auditor | $8,000 | — | $8,000 |
| FLORES & ASSOCIATES | Other Service Provider | $5,876 | — | $5,876 |
| OSBORN CARRIERO & ASSOCIATES | Other Service Provider | $5,000 | — | $5,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FRANK N HESTAND CPA PSC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $274,144
- Estimated Expense Ratio: 2.493% 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 | $293,782 | $16,700 | $103,908 | $8,000 | — |
| 2023 | $243,425 | $16,367 | $93,266 | $8,000 | — |
| 2022 | $180,910 | $14,300 | $91,842 | — | $37,265 |