Plan Snapshot
- Plan Sponsor: United Steelworkers Local 286 Severance/ 401(K) Plan
- Sponsor EIN: 232059315
- Sponsor Address: 410 N. 8TH STREET, PHILADLEPHIA, PA, 191233903
- Plan Type: DC
- Total Participants: 2,056
- Total Assets: $42.1M
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 | 2,056 | $42.1M | $2.8M | $779,243 |
| 2023 | 1,811 | $37.2M | $2.5M | $710,144 |
| 2022 | 1,539 | $32.8M | $2.4M | $740,347 |
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 |
|---|---|---|---|---|
| USW DISTRICT 10 LOCAL 286 UNION | SPONSORING LABOR ORG. | $505,129 | — | $505,129 |
| TRANSAMERICA RETIREMENT SOLUTIONS | NONE | $112,970 | — | $112,970 |
| CARLO SIMONE, III | EMPLOYEE | — | $96,400 | $96,400 |
| NOVAK FRANCELLA LLC | NONE | $44,623 | — | $44,623 |
| FOSTER & FOSTER, INC. | NONE | $26,000 | — | $26,000 |
| SPEAR WILDERMAN, P.C. | NONE | $25,000 | — | $25,000 |
| LITTLER MENDELSON, P.C. | NONE | $25,000 | — | $25,000 |
| MORGAN STANLEY SMITH BARNEY | NONE | $12,500 | — | $12,500 |
| XPAN LAW PARTNERS, LLC | NONE | $10,800 | — | $10,800 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — NONE
- NOVAK FRANCELLA LLC — NONE
- MORGAN STANLEY SMITH BARNEY — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $858,422
- Estimated Expense Ratio: 2.040% 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 | $789,425 | $12,500 | $112,970 | $29,400 | — |
| 2023 | $688,099 | $12,500 | $106,411 | $29,725 | — |
| 2022 | $588,226 | $12,500 | — | — | $117,849 |