Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Massachusetts Laborers Health And Welfare Fund
- Sponsor EIN: 042214296
- Sponsor Address: 1400 DISTRICT AVENUE, BURLINGTON, MA, 018035236
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 11,182
- Total Assets: $684.7M
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 | 11,182 | $684.7M | $0 | $0 |
| 2024 | 11,214 | $632.1M | $174.5M | $1.6M |
| 2023 | 10,862 | $605.9M | $168.6M | $1.8M |
| 2022 | 10,853 | $549.8M | $162.5M | $2.0M |
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 |
|---|---|---|---|---|
| CIGNA | Other Service Provider | $2,774,717 | — | $2,774,717 |
| EXPRESS SCRIPTS, INC | Other Service Provider | $2,462,088 | — | $2,462,088 |
| BCBS OF MASSACHUSETTS | Other Service Provider | $2,332,062 | — | $2,332,062 |
| DELTA DENTAL OF MA | Other Service Provider | $740,402 | — | $740,402 |
| HMC HEALTHWORKS INC. | Other Service Provider | $424,600 | — | $424,600 |
| THE SEGAL CO (EASTERN STATES), INC | Other Service Provider | $286,060 | — | $286,060 |
| BRIDGEWAY BENEFIT TECHNOLOGIES LLC | Other Service Provider | $219,371 | — | $219,371 |
| CMIT SOLUTIONS | Other Service Provider | $201,656 | — | $201,656 |
| EMPLOYEE A | Other Service Provider | $188,631 | — | $188,631 |
| EMPLOYEE B | Other Service Provider | $144,136 | — | $144,136 |
| EMPLOYEE C | Other Service Provider | $143,741 | — | $143,741 |
| SEGAL ROITMAN, LLP | Other Service Provider | $137,537 | — | $137,537 |
| EMPLOYEE D | Other Service Provider | $125,552 | — | $125,552 |
| EMPLOYEE E | Other Service Provider | $122,159 | — | $122,159 |
| EMPLOYEE F | Other Service Provider | $121,289 | — | $121,289 |
| EMPLOYEE G | Other Service Provider | $119,729 | — | $119,729 |
| EMPLOYEE H | Other Service Provider | $111,957 | — | $111,957 |
| EMPLOYEE I | Other Service Provider | $110,527 | — | $110,527 |
| EMPLOYEE J | Other Service Provider | $108,055 | — | $108,055 |
| EMPLOYEE K | Other Service Provider | $96,746 | — | $96,746 |
| SCHULTHEIS & PANETTIERI LLP | Other Service Provider | $95,875 | — | $95,875 |
| 617 MEDIA GROUP | Other Service Provider | $95,198 | — | $95,198 |
| EMPLOYEE L | Other Service Provider | $94,226 | — | $94,226 |
| STATE STREET GLOBAL ADVISORS | Other Service Provider | $93,403 | — | $93,403 |
| EMPLOYEE M | Other Service Provider | $90,822 | — | $90,822 |
| EMPLOYEE N | Other Service Provider | $89,977 | — | $89,977 |
| EMPLOYEE O | Other Service Provider | $86,278 | — | $86,278 |
| EMPLOYEE P | Other Service Provider | $83,804 | — | $83,804 |
| MEKETA INVESTMENT GROUP | Other Service Provider | $83,225 | — | $83,225 |
| EMPLOYEE Q | Other Service Provider | $82,817 | — | $82,817 |
| EMPLOYEE R | Other Service Provider | $82,689 | — | $82,689 |
| EMPLOYEE S | Other Service Provider | $79,202 | — | $79,202 |
| EMPLOYEE T | Other Service Provider | $78,975 | — | $78,975 |
| CORRENTE LAW CORPORATION | ERISA Attorney | $78,000 | — | $78,000 |
| O'REILLY, GROSSO, GROSS & JONES, PC | Other Service Provider | $78,000 | — | $78,000 |
| EMPLOYEE U | Other Service Provider | $72,715 | — | $72,715 |
| EMPLOYEE V | Other Service Provider | $70,838 | — | $70,838 |
| EMPLOYEE W | Other Service Provider | $62,771 | — | $62,771 |
| EMPLOYEE X | Other Service Provider | $61,129 | — | $61,129 |
| EMPLOYEE Y | Other Service Provider | $59,636 | — | $59,636 |
| EMPLOYEE Z | Other Service Provider | $55,660 | — | $55,660 |
| LOOMIS SAYLES & COMPANY | Other Service Provider | $54,817 | — | $54,817 |
| EMPLOYEE AA | Other Service Provider | $52,479 | — | $52,479 |
| DAVIS VISION | Other Service Provider | $51,295 | — | $51,295 |
| STATE STREET BANK & TRUST CO. | Other Service Provider | $51,183 | — | $51,183 |
| EMPLOYEE AB | Other Service Provider | $48,975 | — | $48,975 |
| EMPLOYEE AC | Other Service Provider | $46,427 | — | $46,427 |
| EMPLOYEE AD | Other Service Provider | $45,381 | — | $45,381 |
| EMPLOYEE AE | Other Service Provider | $42,968 | — | $42,968 |
| TELLIGEN INC | Other Service Provider | $38,232 | — | $38,232 |
| EMPLOYEE AF | Other Service Provider | $37,145 | — | $37,145 |
| EMPLOYEE AG | Other Service Provider | $35,549 | — | $35,549 |
| EMPLOYEE AH | Other Service Provider | $33,933 | — | $33,933 |
| EMPLOYEE AI | Other Service Provider | $33,823 | — | $33,823 |
| EMPLOYEE AJ | Other Service Provider | $31,859 | — | $31,859 |
| EMPLOYEE AK | Other Service Provider | $31,434 | — | $31,434 |
| EMPLOYEE AL | Other Service Provider | $29,651 | — | $29,651 |
| EMPLOYEE AM | Other Service Provider | $27,774 | — | $27,774 |
| EMPLOYEE AN | Other Service Provider | $27,086 | — | $27,086 |
| EMPLOYEE AO | Other Service Provider | $26,936 | — | $26,936 |
| THE BERWYN GROUP | Other Service Provider | $15,833 | — | $15,833 |
| VICTOR PEREIRA | Other Service Provider | $15,675 | — | $15,675 |
| AMERICAN ALARM | Other Service Provider | $15,505 | — | $15,505 |
| THOMAS ANDREWS | Other Service Provider | $13,629 | — | $13,629 |
| SEGAL SELECT INS SERVICES INC. | Other Service Provider | — | $13,608 | $13,608 |
| KONICA MINOLTA PREMIER | Other Service Provider | $12,610 | — | $12,610 |
| DELL | Other Service Provider | $9,464 | — | $9,464 |
| ZIX CORP | Other Service Provider | $8,945 | — | $8,945 |
| FEDERAL TELEPHONE COMM, INC. | Other Service Provider | $6,811 | — | $6,811 |
| ROBERT HALF | Other Service Provider | $5,973 | — | $5,973 |
| RHUMBLINE ADVISERS LP | Other Service Provider | $5,646 | — | $5,646 |
| ACCUFUND, INC. | Other Service Provider | $5,200 | — | $5,200 |
| MCMC LLC | Other Service Provider | $5,029 | — | $5,029 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,527,130
- Estimated Expense Ratio: 1.976% 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 | $190,755,832 | $337,143 | — | $95,875 | — |
| 2024 | $6,992,709 | $333,792 | — | $112,524 | — |
| 2023 | $6,809,584 | $407,642 | — | $92,125 | — |
| 2022 | $5,955,936 | $467,289 | — | — | $669,343 |