Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Orion
- Sponsor EIN: 475607606
- Sponsor Address: 333 E OSBORN RD STE 300, PHOENIX, AZ, 85012
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 366
- Total Assets: $6.6M
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 | 366 | $6.6M | $0 | $0 |
| 2024 | 357 | $5.7M | $4.7M | $799,895 |
| 2023 | 342 | $5.2M | $4.5M | $756,205 |
| 2022 | 323 | $4.4M | $4.0M | $768,247 |
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 |
|---|---|---|---|---|
| ARTHUR J GALLAGHER RMS | Other Service Provider | $344,256 | — | $344,256 |
| VIMLY BENEFIT SOLUTIONS | Recordkeeper | $23,347 | — | $23,347 |
| CLIFTONLARSONALLEN LLP | Auditor | $22,147 | — | $22,147 |
| UMR, INC. | Recordkeeper | $21,546 | — | $21,546 |
| DELTA DENTAL OF ARIZONA | Recordkeeper | $16,228 | — | $16,228 |
| HEALTH EQUITY | Other Service Provider | $10,472 | — | $10,472 |
| WILLIS TOWERS WATSON | Other Service Provider | $6,300 | — | $6,300 |
| PHIA GROUP CONSULTING, LLC | Other Service Provider | $6,250 | — | $6,250 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $450,546
- Estimated Expense Ratio: 6.864% 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 | $4,987,826 | — | $550,304 | $22,147 | — |
| 2024 | $628,281 | — | $554,192 | $19,740 | — |
| 2023 | $586,810 | — | $519,666 | $17,325 | — |
| 2022 | $580,752 | — | — | — | $579,516 |