# Board Of Trustees For Local 489 Health And Welfare Plan Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-for-local-489-health-and-welfare-plan-521045309-501

> Board Of Trustees For Local 489 Health And Welfare Plan's Health & Welfare plan: 110 participants, plan year 2024 financials, providers, and benchmarks from…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Board Of Trustees For Local 489 Health And Welfare Plan

- **Sponsor EIN:** 521045309

- **Sponsor Address:** 2 PARK STREET, CUMBERLAND, MD, 21502

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 110

- **Total Assets:** $1.6M

## 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|110|$1.6M|$1.8M|$85,744|

| 2023|105|$1.6M|$1.6M|$94,942|

| 2022|106|$1.3M|$1.6M|$92,509|

## 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|

| 90 DEGREE BENEFITS|Other Service Provider|$62,170|—|$62,170|

| CIGNA|Other Service Provider|—|$28,646|$28,646|

| FRANK GERWIG & ASSOCIATES P.A.|Other Service Provider|$25,400|—|$25,400|

| NATIONAL BROKERAGE SERVICES, INC.|Other Service Provider|$16,583|—|$16,583|

| TURNBULL, HOOVER & KAHL, P.A.|Other Service Provider|$16,000|—|$16,000|

| MORGAN STANLEY SMITH BARNEY|Other Service Provider|$15,831|—|$15,831|

| AHDI|Other Service Provider|—|$8,361|$8,361|

| TELADOC|Other Service Provider|—|$7,453|$7,453|

| BEINS, AXELROD & KEATING, P.C.|Other Service Provider|$6,250|—|$6,250|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $186,694

- **Estimated Expense Ratio:** 11.926% 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|$98,769|$15,831|$41,983|$16,000|—|

| 2023|$100,293|$14,370|$41,259|$14,100|—|

| 2022|$89,299|$13,760|$40,751|—|$15,750|

## Similar Plans

- [Government Employees' Benefit Association, INC.](https://planprovider.pro/companies/government-employees-benefit-association-inc-526051763-501) — 15,618 participants

- [Trustees Of The Mid Atlantic Regional Health Fund](https://planprovider.pro/companies/trustees-of-the-mid-atlantic-regional-health-fund-251347607-501) — 3,798 participants

- [U A Local Union Officers & Employees Pension Fund](https://planprovider.pro/companies/u-a-local-union-officers-employees-pension-fund-plan) — 1,925 participants

- [Man-U Service Contract Trust Fund C/O Benesys, INC](https://planprovider.pro/companies/man-u-service-contract-trust-fund-c-o-benesys-inc-541008444-501) — 1,353 participants

- [Board Of Trustees, Operating Engineers Pension Trust Fund Of Washingto](https://planprovider.pro/companies/board-of-trustees-operating-engineers-pension-trust-fund-of-washingto-plan) — 1,291 participants

- [Board Of Trustees, Operating Engineers Trust Fund Of Wash Dc And Vicin](https://planprovider.pro/companies/board-of-trustees-operating-engineers-trust-fund-of-wash-dc-and-vicin-526038508-501) — 1,230 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/board-of-trustees-for-local-489-health-and-welfare-plan-521045309-501)

© 2026 PlanProvider.Pro