Plan Snapshot
- Plan Sponsor: Benefit Fund For Hospital And Health Care Employees
- Sponsor EIN: 232627429
- Sponsor Address: 1319 LOCUST STREET, PHILADELPHIA, PA, 19107
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,287
- Total Assets: $68.8M
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 | 1,287 | $68.8M | $26.9M | $465,550 |
| 2023 | 1,424 | $59.0M | $28.9M | $647,797 |
| 2022 | 1,458 | $48.9M | $29.8M | $678,456 |
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 |
|---|---|---|---|---|
| INDEPENDENCE BLUE CROSS | Other Service Provider | $885,118 | — | $885,118 |
| PENSION FUND FOR HHCE PHILADELPHIA | Other Service Provider | $363,838 | — | $363,838 |
| PAYER MATRIX, LLC | Other Service Provider | $218,141 | — | $218,141 |
| GALLAGHER (ARTHUR J. GALLAGHER) | Investment Advisor | $150,000 | — | $150,000 |
| TINA GLENN | Other Service Provider | $106,972 | — | $106,972 |
| LABOR FIRST | Other Service Provider | $84,783 | — | $84,783 |
| NATESHE WILLIAMS | Other Service Provider | $83,015 | — | $83,015 |
| ERIC BROOKS | Other Service Provider | $81,964 | — | $81,964 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $68,842 | — | $68,842 |
| PAMELA A SMITH-STRITE | Other Service Provider | $63,010 | — | $63,010 |
| NOVAK FRANCELLA, LLC | Auditor | $61,100 | — | $61,100 |
| EMPIRX HEALTH | Other Service Provider | $60,161 | — | $60,161 |
| MORGAN, LEWIS & BOCKIUS LLP | ERISA Attorney | $56,659 | — | $56,659 |
| SHELDON WILLIAMS | Other Service Provider | $53,900 | — | $53,900 |
| EVAN SMITH | Other Service Provider | $50,437 | — | $50,437 |
| BENEFIT3 INC | Other Service Provider | $47,516 | — | $47,516 |
| GLENDELLE CAMERON-DIXON | Other Service Provider | $45,389 | — | $45,389 |
| ADRIAN HURST | Other Service Provider | $42,329 | — | $42,329 |
| EVELYN ALAMEDA | Other Service Provider | $37,243 | — | $37,243 |
| BERTA SHKODRA | Other Service Provider | $35,168 | — | $35,168 |
| PRINCIPAL CUSTODY SOLUTIONS | Other Service Provider | $32,684 | — | $32,684 |
| BLAIR DEVALIA | Other Service Provider | $30,904 | — | $30,904 |
| INVESTMENT PERFORMANCE SERVICES LLC | Other Service Provider | $28,792 | — | $28,792 |
| O'DONOGHUE & O'DONOGHUE LLP | Other Service Provider | $27,146 | — | $27,146 |
| SEGALL BRYANT & HAMILL LLC | Other Service Provider | $19,499 | — | $19,499 |
| CYNTHIA JONES-BROOKS | Other Service Provider | $18,072 | — | $18,072 |
| WORK & WELL INC | Other Service Provider | $9,120 | — | $9,120 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GALLAGHER (ARTHUR J. GALLAGHER) — Investment Advisor
- NOVAK FRANCELLA, LLC — Auditor
- MORGAN, LEWIS & BOCKIUS LLP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,761,802
- Estimated Expense Ratio: 4.013% 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 | $2,357,820 | $48,291 | — | $61,100 | — |
| 2023 | $2,466,933 | $42,650 | $985,028 | $53,500 | — |
| 2022 | $2,685,598 | $35,418 | $1,173,688 | — | $409,776 |