Plan Snapshot
- Plan Sponsor: Board Of Trustees Of The Health Reimb Acct Fund Of The Elec Ind
- Sponsor EIN: 562489386
- Sponsor Address: 158-11 HARRY VAN ARSDALE JR AVENUE, FLUSHING, NY, 11365
- Plan Type: Health & Welfare
- Plan Number: 513
- Total Participants: 17,766
- Total Assets: $122.9M
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 | 17,766 | $122.9M | $58.4M | $0 |
| 2023 | 18,897 | $126.5M | $49.0M | $0 |
| 2022 | 19,566 | $130.0M | $44.0M | $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 |
|---|---|---|---|---|
| OPTUM FINANCIAL | Other Service Provider | $1,278,729 | — | $1,278,729 |
| JOINT INDUSTRY BOARD | Recordkeeper | $669,627 | — | $669,627 |
| DEUTSCHE BANK | Other Service Provider | $24,884 | — | $24,884 |
| ALLIANT INSURANCE SERVICES INC. | Other Service Provider | $13,365 | — | $13,365 |
| SOVOS COMPLIANCE LLC | Other Service Provider | $9,607 | — | $9,607 |
| ALIGRAPHICS | Other Service Provider | $9,418 | — | $9,418 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,005,630
- Estimated Expense Ratio: 1.631% 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 | $2,172,543 | — | $1,948,356 | — | — |
| 2023 | $2,177,151 | — | $1,936,164 | — | — |
| 2022 | $2,055,521 | $1,480 | $1,868,531 | — | — |