Plan Snapshot
- Plan Sponsor: Board Of Trustees Mcasf Local 725 Health And Welfare Trust Fund
- Sponsor EIN: 596150964
- Sponsor Address: 15800 PINES BOULEVARD, PEMBROKE PINES, FL, 33027
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 966
- Total Assets: $26.3M
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 | 966 | $26.3M | $16.7M | $80,737 |
| 2023 | 940 | $24.5M | $15.3M | $97,503 |
| 2022 | 884 | $22.2M | $13.5M | $123,847 |
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 FLORIDA | Other Service Provider | $598,752 | — | $598,752 |
| MCASF LOCAL 725 SERVICE CORPORATION | Other Service Provider | $290,126 | — | $290,126 |
| HORIZON ACTUARIAL SERVICES, LLC | Other Service Provider | $154,367 | — | $154,367 |
| HESSIAN & MCKASY, PA | Other Service Provider | $77,624 | — | $77,624 |
| SAV-RX PRESCRIPTION SERVICES | Other Service Provider | $69,687 | — | $69,687 |
| PLANTE & MORAN, PLLC | Other Service Provider | $59,498 | — | $59,498 |
| KARPUS MANAGEMENT, INC. | Other Service Provider | $48,332 | — | $48,332 |
| CHARTWELL INVESTMENT PARTNERS, LLC | Other Service Provider | $26,936 | — | $26,936 |
| ULLIANCE, INC. | Other Service Provider | $22,154 | — | $22,154 |
| NEPC, LLC | Recordkeeper | $8,810 | — | $8,810 |
| AMERICAN GRAPHICS PRINTING CO. | Other Service Provider | $7,790 | — | $7,790 |
| SAWGRASS ASSET MANAGEMENT LLC | Other Service Provider | $7,674 | — | $7,674 |
| U.S. BANK NATIONAL ASSOCIATION | Recordkeeper | $6,074 | — | $6,074 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NEPC, LLC — Recordkeeper
- U.S. BANK NATIONAL ASSOCIATION — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,377,824
- Estimated Expense Ratio: 5.246% 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 | $1,404,710 | $92,168 | $956,439 | $59,498 | — |
| 2023 | $1,341,667 | $95,749 | $867,011 | $52,772 | — |
| 2022 | $1,342,596 | $95,989 | $918,165 | — | $249,970 |