Plan Snapshot
- Plan Sponsor: United Steelworkers Local 625 Benefit Trust
- Sponsor EIN: 266687118
- Sponsor Address: 2914 PINE AVENUE, NIAGARA FALLS, NY, 14301
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 93
- Total Assets: $2.1M
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. |
|---|---|---|---|---|
| 2025 | 93 | $2.1M | $0 | $0 |
| 2024 | 99 | $2.0M | $1.6M | $308,798 |
| 2023 | 98 | $2.0M | $1.4M | $277,014 |
| 2022 | 91 | $2.0M | $1.4M | $275,293 |
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 |
|---|---|---|---|---|
| TRONCONI SEGARRA & ASSOCIATES, LLP | Other Service Provider | $9,347 | — | $9,347 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $9,347
- Estimated Expense Ratio: 0.451% 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 |
|---|---|---|---|---|---|
| 2025 | $2,095,885 | $3,190 | — | $9,347 | — |
| 2024 | $18,314 | $2,270 | — | $10,882 | — |
| 2023 | $18,916 | $2,152 | — | $6,276 | — |
| 2022 | $13,516 | $2,188 | — | — | $11,070 |