Plan Snapshot
- Plan Sponsor: Union Of Roofers, Waterproofers & Allied Workers, Local 44 Welfare
- Sponsor EIN: 346621298
- Sponsor Address: 1651 EAST 24TH STREET, CLEVELAND, OH, 44114
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 228
- Total Assets: $3.4M
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 | 228 | $3.4M | $3.3M | $182,074 |
| 2023 | 264 | $3.3M | $3.7M | $146,248 |
| 2022 | 257 | $2.9M | $3.7M | $118,453 |
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 |
|---|---|---|---|---|
| LOCAL 44 FRINGE BENEFITS | Recordkeeper | $252,000 | — | $252,000 |
| HORIZON ACTUARIAL SERVICES LLC | Other Service Provider | $60,773 | — | $60,773 |
| CIUNI & PANICHI, INC. | Other Service Provider | $28,410 | — | $28,410 |
| TUCKER ARENSBERG LLC | ERISA Attorney | $22,258 | — | $22,258 |
| K. PAKELTIS & COMPANY | Other Service Provider | $8,820 | — | $8,820 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TUCKER ARENSBERG LLC — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $372,261
- Estimated Expense Ratio: 11.019% 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 | $414,433 | $3,938 | $252,000 | $28,410 | — |
| 2023 | $398,169 | $6,810 | $219,000 | $24,551 | — |
| 2022 | $384,288 | $5,623 | — | — | $63,871 |