Plan Snapshot
- Plan Sponsor: Tuscaloosa Plumbers & Steamfitters Local 372 Welfare Fund
- Sponsor EIN: 630267566
- Sponsor Address: 1717 OLD SHELL ROAD, MOBILE, AL, 36604
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 229
- Total Assets: $13.8M
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 | 229 | $13.8M | $3.3M | $139,282 |
| 2023 | 217 | $12.3M | $3.0M | $141,733 |
| 2022 | 205 | $10.8M | $2.6M | $148,225 |
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 |
|---|---|---|---|---|
| GULF STATES CONSULTANTS & ADMINISTR | Other Service Provider | $92,800 | — | $92,800 |
| BLUE CROSS & BLUE SHIELD OF ALABAMA | Other Service Provider | $16,058 | — | $16,058 |
| WAY, RAY, SHELTON & CO. PC | Auditor | $15,000 | — | $15,000 |
| REYNOLDS CONSULTING | Other Service Provider | $7,500 | — | $7,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WAY, RAY, SHELTON & CO. PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $131,358
- Estimated Expense Ratio: 0.955% 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 | $146,738 | $27,954 | — | $15,000 | — |
| 2023 | $138,006 | $29,351 | — | $15,000 | — |
| 2022 | $124,983 | $17,180 | — | — | $100,343 |