Plan Snapshot
- Plan Sponsor: American Postal Workers Accident Benefit Association
- Sponsor EIN: 020181885
- Sponsor Address: PO BOX 120, ROCHESTER, NH, 03866
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 56,783
- Total Assets: $2.3M
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 | 56,783 | $2.3M | $0 | $0 |
| 2024 | 58,098 | $2.0M | $0 | $1.7M |
| 2023 | 58,935 | $1.8M | $0 | $1.7M |
| 2022 | 59,831 | $1.4M | $0 | $1.6M |
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 |
|---|---|---|---|---|
| WAYNE MAURER | Other Service Provider | $136,295 | — | $136,295 |
| MELISSA POTTER | Other Service Provider | $98,094 | — | $98,094 |
| KELLY O'NEIL | Other Service Provider | $98,015 | — | $98,015 |
| JENNIFER COELHO | Other Service Provider | $85,581 | — | $85,581 |
| LISA BADO | Other Service Provider | $84,613 | — | $84,613 |
| MANZI & ASSOCIATES LLC | Other Service Provider | $25,125 | — | $25,125 |
| STACEY PUBLISHING | Other Service Provider | $18,127 | — | $18,127 |
| WELLS FARGO | Other Service Provider | $16,342 | — | $16,342 |
| US POSTAL SERVICE | Other Service Provider | $13,500 | — | $13,500 |
| DAYSTAR COMPUTER SERVICES, INC | Other Service Provider | $10,885 | — | $10,885 |
| SCOTT PARKIN | Other Service Provider | $5,151 | — | $5,151 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $591,728
- Estimated Expense Ratio: 25.427% 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 | $1,504,069 | $19,034 | — | $25,125 | — |
| 2024 | $1,117,405 | $9,113 | — | $25,125 | — |
| 2023 | $1,068,843 | $9,070 | — | — | — |
| 2022 | $1,104,952 | $19,311 | — | — | $24,600 |