# Board Of Trustees Of Seafarers Officers And Employees Welfare Plan Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-of-seafarers-officers-and-employees-welfare-plan-112571578-501

> Board Of Trustees Of Seafarers Officers And Employees Welfare Plan's Health & Welfare plan: 403 participants, plan year 2024 financials, providers, and bench…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Board Of Trustees Of Seafarers Officers And Employees Welfare Plan

- **Sponsor EIN:** 112571578

- **Sponsor Address:** 5201 CAPITAL GATEWAY DRIVE, CAMP SPRINGS, MD, 20746

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 403

- **Total Assets:** $13.9M

## 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|403|$13.9M|$9.1M|$0|

| 2023|406|$12.1M|$8.8M|$0|

| 2022|402|$10.5M|$8.4M|$0|

## 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|

| OPTUMRX, INC.|Other Service Provider|$1,677,887|$1,482|$1,679,369|

| AMWINS GROUP BENEFITS|Other Service Provider|$1,211,339|—|$1,211,339|

| CIGNA HEALTH AND LIFE INSURANCE CO|Other Service Provider|$654,083|—|$654,083|

| WEAVER AND TIDWELL, L.L.P.|Auditor|$24,000|—|$24,000|

| SEAFARERS VACATION FUND|Recordkeeper|$17,196|—|$17,196|

| BASIL CASTROVINCI ASSOCIATES INC|Other Service Provider|$8,280|—|$8,280|

| EVERNORTH CARE SOLUTIONS, INC.|Other Service Provider|$7,406|—|$7,406|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [WEAVER AND TIDWELL, L.L.P.](https://planprovider.pro/provider/weaver-and-tidwell-llp) — Auditor

- [SEAFARERS VACATION FUND](https://planprovider.pro/provider/john-hancock) — Recordkeeper

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $3,601,673

- **Estimated Expense Ratio:** 25.952% 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|$187,811|—|—|$24,000|—|

| 2023|$182,135|$22,409|—|$24,000|—|

| 2022|$174,296|—|—|—|$54,423|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/board-of-trustees-of-seafarers-officers-and-employees-welfare-plan-112571578-501)

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