Plan Snapshot
- Plan Sponsor: Board Of Trustees -Bp&Cm Local 534 Health And Welfare Plan
- Sponsor EIN: 046049991
- Sponsor Address: 7 FREDERIKA STREET, BOSTON, MA, 02124
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 206
- Total Assets: $8.8M
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. |
|---|---|---|---|---|
| 2025 | 206 | $8.8M | $0 | $0 |
| 2024 | 212 | $9.1M | $4.5M | $6,217 |
| 2023 | 232 | $9.8M | $4.7M | $13,365 |
| 2022 | 245 | $9.8M | $5.3M | $7,854 |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF MASS | Other Service Provider | $167,659 | — | $167,659 |
| GAIL MILLS | Other Service Provider | $55,563 | — | $55,563 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $47,157 | — | $47,157 |
| AIMEE LINCOLN | Other Service Provider | $34,998 | — | $34,998 |
| ANGELA BASIEN | Other Service Provider | $31,239 | — | $31,239 |
| BOSTON TRUST WALDEN COMPANY | Other Service Provider | $28,482 | — | $28,482 |
| CAMPBELL DEVASTO & ASSOCIATES CPA | Other Service Provider | $23,126 | — | $23,126 |
| KRAKOW & SOURIS LLC | Other Service Provider | $16,750 | — | $16,750 |
| ALTUS DENTAL | Other Service Provider | $13,338 | — | $13,338 |
| CBIZ SAVITZ | Other Service Provider | $12,500 | — | $12,500 |
| MODERN ASSISTANCE | Other Service Provider | $12,113 | — | $12,113 |
| THE HILB GROUP OF NE | Other Service Provider | — | $6,145 | $6,145 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $449,070
- Estimated Expense Ratio: 5.084% 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 | $6,304,191 | $30,482 | — | $23,126 | — |
| 2024 | $622,070 | $28,308 | $214,840 | $17,795 | — |
| 2023 | $609,171 | $29,205 | — | — | — |
| 2022 | $548,472 | $25,643 | — | — | $61,565 |