Plan Snapshot
- Plan Sponsor: Board Of Trustees Iron Workers
- Sponsor EIN: 042163872
- Sponsor Address: 161 GRANITE AVENUE, DORCHESTER, MA, 02124
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,768
- Total Assets: $72.8M
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 | 1,768 | $72.8M | $30.2M | $957,557 |
| 2023 | 2,053 | $74.6M | $31.4M | $966,277 |
| 2022 | 1,981 | $74.1M | $32.3M | $1.2M |
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 |
|---|---|---|---|---|
| TUFTS HEALTH PLAN/CARELINK | Other Service Provider | $1,124,368 | — | $1,124,368 |
| US BANK | Other Service Provider | $259,061 | — | $259,061 |
| MODERN ASSISTANCE | Other Service Provider | $175,000 | — | $175,000 |
| SEGAL CONSULTING | Other Service Provider | $156,064 | — | $156,064 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $141,027 | — | $141,027 |
| ANNE FINI | Other Service Provider | $138,120 | — | $138,120 |
| EXPRESS SCRIPTS INC | Other Service Provider | $92,899 | — | $92,899 |
| BARBARA CONNERS | Other Service Provider | $89,794 | — | $89,794 |
| KAREN FINI | Other Service Provider | $84,934 | — | $84,934 |
| MANZI & ASSOCIATES LLC | Other Service Provider | $79,384 | — | $79,384 |
| CHARLIE WRIGHT | Other Service Provider | $72,814 | — | $72,814 |
| WILLIAM HURLEY | Other Service Provider | $68,201 | — | $68,201 |
| LYN TABAJONDA | Other Service Provider | $61,673 | — | $61,673 |
| RYAN CORRY | Other Service Provider | $52,958 | — | $52,958 |
| MICKEY LONG, ESQ. | Other Service Provider | $48,563 | — | $48,563 |
| HEATHER ROMERI | Other Service Provider | $48,091 | — | $48,091 |
| IRON MOUNTAIN RECORDS MANAGEMENT | Other Service Provider | $41,534 | — | $41,534 |
| VANESSA BERMUDEZ | Other Service Provider | $31,696 | — | $31,696 |
| CHANGE HEALTHCARE | Other Service Provider | $30,016 | — | $30,016 |
| NBM, INC. | Other Service Provider | $29,491 | — | $29,491 |
| SEGAL ROITMAN, LLP | Other Service Provider | $28,531 | — | $28,531 |
| ZELIS CLAIMS INTEGRITY INC | Other Service Provider | $24,868 | — | $24,868 |
| ANNE BLUNDELL | Other Service Provider | $24,634 | — | $24,634 |
| MAUREEN FLAHERTY | Other Service Provider | $24,104 | — | $24,104 |
| MEKETA INVESTMENT GROUP | Other Service Provider | $22,816 | — | $22,816 |
| KARA LALLY | Other Service Provider | $22,442 | — | $22,442 |
| ANN O'MEARA | Other Service Provider | $17,098 | — | $17,098 |
| ANNALISE MANNING | Other Service Provider | $15,329 | — | $15,329 |
| BOYD'S PRINTING | Other Service Provider | $13,488 | — | $13,488 |
| ANA CORREIA | Other Service Provider | $12,691 | — | $12,691 |
| NICOLE MURPHY | Other Service Provider | $12,681 | — | $12,681 |
| ALLISON BARBER | Other Service Provider | $12,090 | — | $12,090 |
| DAVIS VISION | Other Service Provider | $10,636 | — | $10,636 |
| ZENITH AMERICAN SOLUTIONS | Other Service Provider | $10,000 | — | $10,000 |
| LANGAN & DEMPSEY | Other Service Provider | $9,985 | — | $9,985 |
| PRINTING UNLIMITED | Other Service Provider | $5,603 | — | $5,603 |
| JAIME JAROBE | Other Service Provider | $5,099 | — | $5,099 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,097,783
- Estimated Expense Ratio: 4.255% 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 | $4,228,144 | $281,877 | — | $47,650 | — |
| 2023 | $4,389,783 | $309,657 | — | $65,649 | — |
| 2022 | $3,881,670 | $218,625 | — | — | $405,683 |