Plan Snapshot
- Plan Sponsor: West Virginia Laborers' Trust Fund
- Sponsor EIN: 550451207
- Sponsor Address: ONE UNION SQUARE, SUITE 200, CHARLESTON, WV, 25302
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,797
- Total Assets: $145.8M
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 | 1,797 | $145.8M | $27.9M | $633,596 |
| 2023 | 2,138 | $145.6M | $32.0M | $823,126 |
| 2022 | 1,726 | $138.7M | $25.9M | $924,603 |
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 |
|---|---|---|---|---|
| UNION LABOR LIFE INSURANCE COMPANY | Insurance Carrier | $521,588 | — | $521,588 |
| ADAMS STREET PARTNERS | Investment Advisor | $240,321 | — | $240,321 |
| ISSI | Other Service Provider | $195,066 | — | $195,066 |
| HORTON GROUP | Actuary | $168,750 | — | $168,750 |
| AMERICAN HEALTH | Other Service Provider | $108,415 | — | $108,415 |
| ADVANCED MANAGEMENT | Other Service Provider | $91,230 | — | $91,230 |
| MARSH & MCLENNAN COMPANIES, INC. | Insurance Carrier | $76,959 | — | $76,959 |
| NEW TOWER TRUST COMPANY | Investment Advisor | $71,881 | — | $71,881 |
| JONES PRINTING | Other Service Provider | $65,327 | — | $65,327 |
| TELEDOC | Other Service Provider | $63,245 | — | $63,245 |
| TA REALTY | Investment Advisor | $61,522 | — | $61,522 |
| SEGALL BRYANT & HAMILL | Investment Advisor | $59,866 | — | $59,866 |
| MEYER UNKOVIC & SCOTT | ERISA Attorney | $59,131 | — | $59,131 |
| C.S. MCKEE | Investment Advisor | $56,184 | — | $56,184 |
| NEUBERGER BERMAN | Investment Advisor | $56,052 | — | $56,052 |
| PITNEY PURCHASE POWER | Other Service Provider | $48,000 | — | $48,000 |
| BOYD WATTERSON ASSET MANAGEMENT | Investment Advisor | $32,723 | — | $32,723 |
| STANDARD VALUATIONS | Other Service Provider | $30,000 | — | $30,000 |
| UNITED BANK | Custodian / Trustee | $25,038 | — | $25,038 |
| GRAY GRIFFITH & MAYS, A.C. | Auditor | $24,650 | — | $24,650 |
| 4MOST HEALTH HOLDINGS | Other Service Provider | $15,791 | — | $15,791 |
| HARRIS HARDIN & CO | Auditor | $11,748 | — | $11,748 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MARSH & MCLENNAN COMPANIES, INC. — Insurance Carrier
- MEYER UNKOVIC & SCOTT — ERISA Attorney
- HARRIS HARDIN & CO — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,083,487
- Estimated Expense Ratio: 1.429% 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 | $2,659,310 | $578,549 | — | — | — |
| 2023 | $2,404,403 | $283,899 | — | — | — |
| 2022 | $2,221,457 | $229,780 | — | — | — |