Plan Snapshot
- Plan Sponsor: Youngstown Area Electrical Welfare Fund Trustees
- Sponsor EIN: 340835041
- Sponsor Address: 3660 STUTZ DRIVE, SUITE 101, CANFIELD, OH, 44406
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 347
- Total Assets: $7.5M
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 | 347 | $7.5M | $4.5M | $91,859 |
| 2023 | 341 | $6.8M | $4.4M | $81,887 |
| 2022 | 313 | $5.6M | $3.9M | $60,096 |
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 |
|---|---|---|---|---|
| ANTHEM BLUE CROSS BLUE SHIELD | Other Service Provider | $199,270 | — | $199,270 |
| BENESYS, INC. | Recordkeeper | $66,181 | — | $66,181 |
| SEGAL | Other Service Provider | $63,231 | — | $63,231 |
| PNC BANK | Custodian / Trustee | $26,548 | — | $26,548 |
| FAULKNER, HOFFMAN & PHILLIPS | ERISA Attorney | $16,810 | — | $16,810 |
| YURCHYK & DAVIS CPA'S, INC | Auditor | $11,900 | — | $11,900 |
| PARSONS RISK STRATEGIES, LLC | Actuary | $5,750 | — | $5,750 |
| AMERICAN GRAPHICS PRINTING CO. | Other Service Provider | $5,272 | — | $5,272 |
| MARINER INSTITUTIONAL LLC | Other Service Provider | $5,000 | — | $5,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $399,962
- Estimated Expense Ratio: 5.350% 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 | $217,366 | $5,000 | $62,897 | $11,900 | — |
| 2023 | $206,625 | $5,000 | $65,852 | $8,600 | — |
| 2022 | $179,417 | $1,501 | $58,105 | — | $92,961 |