# Youngstown Area Electrical Welfare Fund Trustees Health & Welfare Plan
Source: https://planprovider.pro/companies/youngstown-area-electrical-welfare-fund-trustees-340835041-501

> Youngstown Area Electrical Welfare Fund Trustees's Health & Welfare plan: 347 participants, plan year 2024 financials, providers, and benchmarks from Form 55…

Form 5500 filing data for plan year 2024.

## 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|

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