Plan Snapshot
- Plan Sponsor: United Independent Union Welfare Fund
- Sponsor EIN: 231746532
- Sponsor Address: 22 WEST CHURCH STREET, BLACKWOOD, NJ, 08012
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 232
- Total Assets: $9.6M
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 | 232 | $9.6M | $2.6M | $5,026 |
| 2023 | 242 | $9.0M | $2.5M | $18,075 |
| 2022 | 221 | $8.3M | $2.5M | $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 |
|---|---|---|---|---|
| UNITED INDEPENDENT UNION | Other Service Provider | $136,533 | — | $136,533 |
| BENEFIT PROCESSING INC | Recordkeeper | $76,019 | — | $76,019 |
| RAE CONSULTING | Other Service Provider | $34,000 | — | $34,000 |
| RBC WEALTH MANAGEMENT | Other Service Provider | $33,686 | — | $33,686 |
| BARATZ & ASSOCIATES, P.A. | Auditor | $31,745 | — | $31,745 |
| MARKOWITZ & RICHMAN | Other Service Provider | $6,000 | — | $6,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BARATZ & ASSOCIATES, P.A. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $317,983
- Estimated Expense Ratio: 3.306% 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 | $378,446 | $33,686 | $76,019 | $31,745 | — |
| 2023 | $381,057 | $25,281 | $74,077 | $26,778 | — |
| 2022 | $296,533 | $25,790 | $73,807 | — | $48,437 |