Welfare & Pension Admin Service Inc.
advisor36 known aliases resolved via the canonical alias map
Market position · 2024
Plans served25Rank #713 of mapped providers
Assets under administration$13.4B0.0%Market share · rank #982
Fees received$12MMedian $240,646/planSum across Schedule C direct + indirect
Net wins YoY+03 won · 3 lostPlan-level switch detection
Plans served · 5-year trajectory
Market-share plans percent annotated. Bar height is raw plan count.
Customer-base shape
What does a typical Welfare & Pension Admin Service Inc. plan look like?
Service mix · median fees per plan
Count of plans where Welfare & Pension Admin Service Inc. ships each service code, and the median compensation they report under it.
| Service | Plans | Median fees | Distribution |
|---|---|---|---|
Recordkeeping and information management (computing, tabulating, data processing, etc.); Accounting (including auditing); Direct payment from the plan; Contract AdministratorCode 10 | 12 | $571,379 | |
Direct payment from the plan; Contract AdministratorCode 13 | 5 | $179,201 | |
Participant communication; Direct payment from the plan; Contract Administrator; Claims processingCode 12 | 4 | $271,134 | |
Investment management fees paid directly by plan; Investment managementCode 28 | 2 | $8,130 | |
Plan Administrator; Copying and duplicating; Direct payment from the planCode 14 | 1 | $215,944 | |
Other feesCode 99 | 1 | $15,785 |
Competitor overlap
Percent of Welfare & Pension Admin Service Inc.'s plans that also list each competitor on Schedule C. High numbers = co-living partners; low numbers = direct displacement targets.
Plans won in 2024
Appeared this year; did not appear last year under Welfare & Pension Admin Service Inc..
| Sponsor | From | Assets |
|---|---|---|
BOARD OF TRUSTEES MICHIGAN LABORERS' PENSION FUNDMI · 386233976-001 | TIC International Corporation | $1.3B |
BOARD OF TRUSTEES, MICHIGAN LABORERS' ANNUITY FUNDMI · 383345443-001 | TIC International Corporation | $119M |
NCL ACQUISITION CORPORATION DBA ELEVATION LABSID · 464952901-001 | Empower | $9M |
Plans lost in 2024
Appeared last year under Welfare & Pension Admin Service Inc.; not this year.
| Sponsor | To | Assets |
|---|---|---|
ALASKA IRONWORKERS PENSION PLAN BOARD OF TRUSTEESAK · 916123695-001 | ULLICO Inc | $93M |
SHERMAN & HOWARD L.L.C.CO · 840420314-001 | Milliman | $90M |
FUJIFILM IMAGING COLORANTS, INC.NY · 113757475-001 | K&L Gates LLP | $70M |
Top plans by assets
Searchable full list lands with the commercial layer.
| Plan | Assets | Participants | Fees | Tenure | Flags |
|---|---|---|---|---|---|
BOARD OF TRUSTEES, LOCALS 302 & 612 OF THE IUOE -WA · 916028571-001 | $3.3B | 19,582 | $2M | 10y | - |
BOARD OF TRUSTEES, PUGET SOUND ELECTRICAL WORKERS PENSION TRUSTWA · 916180333-001 | $1.3B | 8,704 | $2M | 10y | - |
BOARD OF TRUSTEES MICHIGAN LABORERS' PENSION FUNDMI · 386233976-001 | $1.3B | 27,316 | $1M | 1y | - |
BOARD OF TRUSTEES, WESTERN METAL INDUSTRY PENSION PLANWA · 916033499-001 | $1.0B | 13,512 | $1M | 8y | - |
COTTAGE HEALTHCA · 770431902-001 | $890M | 5,426 | $10,000 | 3y | 1 |
NORTHWEST IRONWORKERS RETIREMENT PLAN BOARD OF TRUSTEESWA · 916123688-001 | $854M | 7,196 | $949,187 | 10y | - |
AUTOMOTIVE MACHINISTS PENSION TRUSTWA · 916123687-001 | $847M | 7,479 | $1M | 10y | - |
BOARD OF TRUSTEES, ALASKA LABORERS- EMPLOYERS RETIREMENT FUNDWA · 916028298-001 | $658M | 5,804 | $924,987 | 10y | - |
BOARD OF TRUSTEES PUGET SOUND ELECTRICAL WORKERS 401(K) SAVINGS PLANWA · 916180326-001 | $622M | 8,061 | $739,755 | 10y | - |
IRONWORKERS DISTRICT COUNCIL OF THE PACI FIELD IRONWORKERS ANNUITY TRUWA · 911342114-002 | $594M | 7,937 | $240,646 | 10y | - |
Flag exposure
92.0%Market: 89.1%
This provider
Market baseline
Share of this provider's plans tripping any deterministic red flag this year. Lower than market baseline = better risk surface.
Aliases resolved (36)
Raw Schedule C names collapsed into Welfare & Pension Admin Service Inc..
- KL BRONCO HOLDINGS INC DBA ELEVATIO
- KL DISCOVERY ONTRACK, LLC
- KL GATES
- KL GATES LLP
- KLAFTER & BURKE
- KLARIS THOMAS & SCHROEDER, INC.
- KLARIS, THOMSON & SCHROEDER, INC.
- KLATZKIN & COMPANY LLP
- KLCM ADVISORS INC
- KLCP OFFSHORE FUND LP
- KLEAN-KO INC
- WELFARE & PENSION ADM SVC INC
- WELFARE & PENSION ADMIN
- WELFARE & PENSION ADMIN SERV, INC.
- WELFARE & PENSION ADMIN SERVICE
- WELFARE & PENSION ADMIN SERVICE INC
- WELFARE & PENSION ADMIN SERVICE, IN
- WELFARE & PENSION ADMIN SERVICES
- WELFARE & PENSION ADMIN SRVC, INC
- WELFARE & PENSION ADMIN SVC, INC
- WELFARE & PENSION ADMIN SVC, INC.
- WELFARE & PENSION ADMIN SVCS
- WELFARE & PENSION ADMIN SVCS, INC
- WELFARE & PENSION ADMIN. SERVICE
- WELFARE & PENSION ADMIN. SERVICES
Book composition by plan size
Bars stack to total plans served; segments use the same asset cutoffs as the /plans size filter. Up-and-to-the-right on the bigger segments = moving up-market.
Under $5M$5-50M$50-250M$250M-1B$1B+
Compliance posture vs market
Per-flag share for Welfare & Pension Admin Service Inc.'s book against the same flag's overall prevalence across all filings. Negative delta = under-indexed (cleaner book); positive = elevated risk surface.
| Flag | Plans flagged | Provider % | Market % | Delta |
|---|---|---|---|---|
| Recently terminated | 2 | 8.00% | 7.76% | +0.24 pp |
| Fidelity bond gap | 0 | 0.00% | 26.94% | -26.94 pp |
| Late contributions | 1 | 4.00% | 1.71% | +2.29 pp |
| Failed to provide benefit | 0 | 0.00% | 0.14% | -0.14 pp |
| Corrective distributions | 1 | 4.00% | 1.76% | +2.24 pp |
| Loss discovered | 0 | 0.00% | 0.00% | -0.00 pp |
New-plan formation share
Share of plans filing for the first time each year that landed with Welfare & Pension Admin Service Inc.. Compare to the incumbent market share (0.0%) - higher = winning new business, lower = coasting on existing relationships.
0.0%-0.0 pp vs incumbent
Frequent partners by role
Who else shows up on Welfare & Pension Admin Service Inc.'s plans most often. Switch tabs by counterparty role - high-overlap names are either referral channels (advisors, auditors) or competitive blocks (other recordkeepers).
| Partner | Shared plans | % of book |
|---|---|---|
| Barlow Coughran Morales & Josephson | 9 | 36.0% |
| Turner, Stoeve & Gagliardi, P.S. | 7 | 28.0% |
| Barlow & Coughran, P.S. | 4 | 16.0% |
| Dowd Bloch Bennett & Cervone | 2 | 8.0% |
| Watkins Pawlick Calati & Prifti PC | 2 | 8.0% |
| Husch Blackwell LLP | 1 | 4.0% |
| O'Donoghue & O'Donoghue LLP | 1 | 4.0% |
Geographic penetration index
(Provider plans in state / state plans) divided by the provider's overall share of the market. Index 1.00 = average; > 1 = over-indexed (winning more than their fair share); < 1 = under-indexed (white space).