Plan Snapshot
- Plan Sponsor: Board Of Trustees Iuoe Local 98 Health & Welfare Fund
- Sponsor EIN: 042123707
- Sponsor Address: P.O. BOX 1290, SOUTHWICK, MA, 010771290
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 772
- Total Assets: $24.5M
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 | 772 | $24.5M | $0 | $0 |
| 2024 | 792 | $21.9M | $16.3M | $94,604 |
| 2023 | 789 | $20.1M | $16.2M | $112,026 |
| 2022 | 793 | $17.7M | $15.7M | $124,206 |
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 |
|---|---|---|---|---|
| SCHULTHEIS & PANETTIERI, LLP | Auditor | $221,017 | — | $221,017 |
| KARA RICHOTTE | Other Service Provider | $144,750 | — | $144,750 |
| THE SEGAL CO. (EASTERN STATES), INC | Other Service Provider | $104,981 | — | $104,981 |
| BLITMAN & KING LLP | Other Service Provider | $85,128 | — | $85,128 |
| RUTH-ANN SOLEK | Other Service Provider | $81,593 | — | $81,593 |
| NATALIE MUTTI | Other Service Provider | $81,202 | — | $81,202 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $72,854 | — | $72,854 |
| PATRICIA O'CONNOR | Other Service Provider | $66,876 | — | $66,876 |
| BLUE CROSS BLUE SHIELD OF MA. INC. | Other Service Provider | $46,568 | — | $46,568 |
| MEKETA INVESTMENT GROUP INC. | Other Service Provider | $26,000 | — | $26,000 |
| ENTRE TECHNOLOGIES | Other Service Provider | $25,300 | — | $25,300 |
| NETRAGUARD, INC | Other Service Provider | $25,300 | — | $25,300 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $981,569
- Estimated Expense Ratio: 4.004% 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 | $15,856,200 | $26,000 | — | $39,000 | — |
| 2024 | $670,471 | $24,800 | — | $44,575 | — |
| 2023 | $639,492 | $23,625 | — | $37,000 | — |
| 2022 | $477,548 | $22,500 | — | — | $307,968 |