Plan Snapshot
- Plan Sponsor: Board Of Trustees Of The National I.A.M. Benefit Trust Fund
- Sponsor EIN: 366562520
- Sponsor Address: 99 M STREET, SE, STE 600, WASHINGTON, DC, 200034595
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 12,348
- Total Assets: $91.3M
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 | 12,348 | $91.3M | $128.7M | $633,555 |
| 2023 | 11,782 | $95.3M | $123.8M | $626,124 |
| 2022 | 12,173 | $101.6M | $113.4M | $599,236 |
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 | $4,589,781 | — | $4,589,781 |
| VITECH SYSTEMS GROUP | Other Service Provider | $2,804,977 | — | $2,804,977 |
| IAM NATIONAL PENSION FUND | Recordkeeper | $1,576,931 | — | $1,576,931 |
| LINEA SOLUTIONS | Other Service Provider | $715,025 | — | $715,025 |
| CAREMARK | Other Service Provider | $435,319 | — | $435,319 |
| DELTA DENTAL | Other Service Provider | $370,775 | — | $370,775 |
| COMPREHENSIVE HEALTHCARE SYSTEMS | Other Service Provider | $278,348 | — | $278,348 |
| MANAGED BUSINESS SOLUTIONS LLC | Other Service Provider | $275,041 | — | $275,041 |
| THE SEGAL COMPANY | Other Service Provider | $217,170 | — | $217,170 |
| NOVAK FRANCELLA LLC | Auditor | $142,052 | — | $142,052 |
| EMILY C NOVAK | Other Service Provider | $120,900 | — | $120,900 |
| EVERNORTH BEHAVORIAL HEALTH INC | Other Service Provider | $118,632 | — | $118,632 |
| MONICA FAUNTLEROY | Other Service Provider | $112,758 | — | $112,758 |
| TANIA PETERSON | Other Service Provider | $111,860 | — | $111,860 |
| INVESCO ADVISERS INC | Other Service Provider | $98,570 | — | $98,570 |
| DEVIKA MATHUR | Other Service Provider | $89,359 | — | $89,359 |
| INCOME RESEARCH & MANAGEMENT | Other Service Provider | $89,339 | — | $89,339 |
| FREDRICK ROSS | Other Service Provider | $85,370 | — | $85,370 |
| TONYA BLAKE | Other Service Provider | $83,100 | — | $83,100 |
| OLAYINKA ODUNTAN | Other Service Provider | $82,143 | — | $82,143 |
| EMILY OTT | Other Service Provider | $81,928 | — | $81,928 |
| CHANDRA WILLIAMS | Other Service Provider | $81,864 | — | $81,864 |
| ASHLEY PROCTOR | Other Service Provider | $78,357 | — | $78,357 |
| NATASHA SHELTON | Other Service Provider | $76,140 | — | $76,140 |
| VELVET DRAYTON | Other Service Provider | $75,422 | — | $75,422 |
| CARLEEN ANDERSON GERALD | Other Service Provider | $74,110 | — | $74,110 |
| SEGAL MARCO ADVISORS | Other Service Provider | $70,000 | — | $70,000 |
| WITHUM SMITH & BROWN PC | Auditor | $69,992 | — | $69,992 |
| KIMBERLY RYAN | Other Service Provider | $58,623 | — | $58,623 |
| ALEXANDER ROGERS | Other Service Provider | $56,119 | — | $56,119 |
| LAKISHIA THOMAS | Other Service Provider | $51,219 | — | $51,219 |
| COHEN WEISS & SIMON LLP | Other Service Provider | $34,000 | — | $34,000 |
| EYEMED | Other Service Provider | $29,043 | — | $29,043 |
| STEPHANIE ROSS | Other Service Provider | $27,685 | — | $27,685 |
| ADVANCED MEDICAL REVIEWS | Other Service Provider | $27,640 | — | $27,640 |
| PROSKAUER ROSE LLP | Other Service Provider | $18,515 | — | $18,515 |
| SEGAL SELECT INSURANCE SERVICES INC | Other Service Provider | — | $12,501 | $12,501 |
| PART D ADVISORS | Other Service Provider | $12,000 | — | $12,000 |
| MIXIEEN RANKINE | Other Service Provider | $7,119 | — | $7,119 |
| STATE STREET BANK AND TRUST COMPANY | Other Service Provider | $5,928 | — | $5,928 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- IAM NATIONAL PENSION FUND — Recordkeeper
- NOVAK FRANCELLA LLC — Auditor
- WITHUM SMITH & BROWN PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,345,655
- Estimated Expense Ratio: 14.617% 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 | $12,797,783 | $258,749 | $5,073,260 | $38,013 | — |
| 2023 | $12,946,683 | $258,141 | $5,260,943 | $60,094 | — |
| 2022 | $9,239,751 | $271,167 | $4,805,759 | — | $680,820 |