Plan Snapshot
- Plan Sponsor: Trustees - U.A. Local Union No. 614 Health And Welfare Fund
- Sponsor EIN: 620637976
- Sponsor Address: 2001 CALDWELL DRIVE, GOODLETTSVILLE, TN, 37072
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 668
- Total Assets: $14.2M
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 | 668 | $14.2M | $9.0M | $484,190 |
| 2023 | 613 | $12.1M | $10.5M | $502,472 |
| 2022 | 523 | $8.3M | $7.7M | $520,246 |
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 |
|---|---|---|---|---|
| CIGNA | Other Service Provider | $372,978 | — | $372,978 |
| SOUTHERN BENEFIT ADMIN | Other Service Provider | $217,469 | — | $217,469 |
| NOVARA TESIJA & CATENACCI, PLLC | Other Service Provider | $112,234 | — | $112,234 |
| LABOR FIRST | Other Service Provider | $62,980 | — | $62,980 |
| NEEDLES & ASSOCIATES LLC | Other Service Provider | $53,204 | — | $53,204 |
| NEW SOUTH CAPITAL MANAGEMENT | Other Service Provider | $25,830 | — | $25,830 |
| UNITED ACTUARIAL SERVICES, INC | Other Service Provider | $6,025 | — | $6,025 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $850,720
- Estimated Expense Ratio: 6.005% 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 | $861,161 | $34,438 | $589,463 | $53,204 | — |
| 2023 | $767,708 | $25,849 | $533,566 | $38,191 | — |
| 2022 | $700,381 | $18,856 | $484,728 | — | $181,362 |