Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Neca/Ibew Family Medical Care Trust Fund
- Sponsor EIN: 753198514
- Sponsor Address: 2400 RESEARCH BOULEVARD, SUITE 500, ROCKVILLE, MD, 208503266
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 40,675
- Total Assets: $1.3B
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 | 40,675 | $1.3B | $0 | $0 |
| 2024 | 37,969 | $1.1B | $703.2M | $11.5M |
| 2023 | 35,904 | $964.2M | $656.3M | $12.1M |
| 2022 | 33,287 | $815.6M | $599.0M | $14.8M |
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 |
|---|---|---|---|---|
| ANTHEM BLUE CROSS BLUE SHIELD | Other Service Provider | $14,618,381 | — | $14,618,381 |
| SAV-RX PRESCRIPTION SERVICES | Other Service Provider | $6,246,972 | — | $6,246,972 |
| ZELIS CLAIMS INTEGRITY, INC. | Other Service Provider | $5,247,608 | — | $5,247,608 |
| ADMINISTRATIVE STAFF | Other Service Provider | $4,187,979 | — | $4,187,979 |
| NATIONAL ELECTRICAL BENEFIT FUND | Other Service Provider | $3,681,491 | — | $3,681,491 |
| XPERIS IT COMPANY | Other Service Provider | $1,613,595 | — | $1,613,595 |
| ULLICO INVESTMENT ADVISORS | Other Service Provider | $927,725 | — | $927,725 |
| DELTA DENTAL OF PENNSLYVANIA | Other Service Provider | $709,884 | — | $709,884 |
| SWORD HEALTH TECHOLOGIES | Other Service Provider | $606,882 | — | $606,882 |
| ROBERT W. BAIRD & CO. INCORPORATED | Other Service Provider | $488,863 | — | $488,863 |
| POTTS-DUPRE, HAWKINS & KRAMER CHTD. | Other Service Provider | $483,809 | — | $483,809 |
| TELADOC HEALTH INC | Other Service Provider | $455,745 | — | $455,745 |
| VISION SERVICE PLAN | Other Service Provider | $451,259 | — | $451,259 |
| KELLY PRESS | Other Service Provider | $441,811 | — | $441,811 |
| WEX HEALTH INC | Other Service Provider | $251,913 | $115,499 | $367,412 |
| TALKSPACE NETWORK, LLC | Other Service Provider | $286,620 | — | $286,620 |
| ASB CAPITAL MANAGEMENT, LLC | Other Service Provider | $250,860 | — | $250,860 |
| VOYA INVESTMENT MANAGEMENT | Other Service Provider | $244,688 | — | $244,688 |
| INCOME RESEARCH & MANAGEMENT | Other Service Provider | $214,932 | — | $214,932 |
| RANDSTAD NORTH AMERICA, INC | Other Service Provider | $203,410 | — | $203,410 |
| CHARTWELL INVESTMENT PARTNERS LLC | Other Service Provider | $184,773 | — | $184,773 |
| MILLER, KAPLAN,LLP | Other Service Provider | $150,693 | — | $150,693 |
| FOSTER & FOSTER ACTUARIES | Other Service Provider | $145,843 | — | $145,843 |
| PATHFINDERS, INC | Other Service Provider | $108,939 | — | $108,939 |
| SPOTLIGHT TALENT SOURCING LLC | Other Service Provider | $87,200 | — | $87,200 |
| MARQUETTE ASSOCIATES, INC. | Other Service Provider | $84,050 | — | $84,050 |
| CALIBRE CPA GROUP, PLLC | Other Service Provider | $75,000 | — | $75,000 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $64,526 | — | $64,526 |
| IRON MOUNTAIN OFF-SITE DATA PROTECT | Other Service Provider | $46,369 | — | $46,369 |
| BAZA SERVICES LLC | Other Service Provider | $41,680 | — | $41,680 |
| LEGACY PROFESSIONALS LLP | Other Service Provider | $36,641 | — | $36,641 |
| ADP, LLC | Other Service Provider | $29,573 | — | $29,573 |
| NOVAK FRANCELLA LLC | Other Service Provider | $29,147 | — | $29,147 |
| CENTERS FOR MEDICARE & MEDICAID SER | Other Service Provider | $22,766 | — | $22,766 |
| ROBEIN, URANN, SPENCER, PICARD & CA | Other Service Provider | $17,893 | — | $17,893 |
| UNION INSURANCE GROUP | Other Service Provider | — | $16,345 | $16,345 |
| GREEN KEY TEMP | Other Service Provider | $10,099 | — | $10,099 |
| HOLLAND & KNIGHT LLP | Other Service Provider | $9,105 | — | $9,105 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $42,890,568
- Estimated Expense Ratio: 3.421% 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 | $772,288,658 | $2,649,140 | $30,141,677 | $313,222 | — |
| 2024 | $38,621,850 | $1,956,976 | $26,427,500 | $327,053 | — |
| 2023 | $34,371,914 | $1,946,731 | $23,563,434 | $222,522 | — |
| 2022 | $12,111,593 | $1,662,608 | $2,845,073 | — | $1,846,026 |