Plan Snapshot
- Plan Sponsor: American Postal Workers Union Afl-Cio Health Plan
- Sponsor EIN: 520940594
- Sponsor Address: 6514 MEADOWRIDGE RD, ELKRIDGE, MD, 21075
- Plan Type: Health & Welfare
- Plan Number: 504
- Total Participants: 221
- Total Assets: $98.4M
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 | 221 | $98.4M | $1.7M | $342,889 |
| 2023 | 221 | $100.0M | $12.0M | $380,739 |
| 2022 | 220 | $87.1M | $10.4M | $385,055 |
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 |
|---|---|---|---|---|
| SEGAL MARCO ADVISORS | Other Service Provider | $116,407 | — | $116,407 |
| WILLIS TOWERS WATSON US, LLC | Recordkeeper | $29,250 | — | $29,250 |
| MERGANSER CAPITAL MANAGEMENT LLC | Other Service Provider | $27,454 | — | $27,454 |
| WITHUMSMITH+BROWN, PC | Auditor | $22,235 | — | $22,235 |
| PNC BANK, N.A. | Other Service Provider | $15,813 | — | $15,813 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US, LLC — Recordkeeper
- WITHUMSMITH+BROWN, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $211,159
- Estimated Expense Ratio: 0.215% 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 | $1,702,046 | $116,407 | — | $22,235 | — |
| 2023 | $211,521 | $23,781 | $79,032 | $32,240 | — |
| 2022 | $166,091 | — | $108,387 | — | $40,530 |