Plan Snapshot
- Plan Sponsor: Board Of Trustees Of The Producers' Health Benefits Plan
- Sponsor EIN: 316654730
- Sponsor Address: C/O BENESYS ADMINISTRATORS, WEST COVINA, CA, 91793
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 2,422
- Total Assets: $26.7M
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 | 2,422 | $26.7M | $34.5M | $1.0M |
| 2023 | 2,337 | $25.3M | $34.0M | $892,836 |
| 2022 | 3,304 | $27.8M | $34.6M | $933,261 |
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 |
|---|---|---|---|---|
| BENESYS ADMINISTRATORS | Other Service Provider | $712,479 | — | $712,479 |
| EMPLOYEE 001 | Recordkeeper | $327,434 | — | $327,434 |
| USI INSURANCE SERVICES LLC | Other Service Provider | $250,000 | — | $250,000 |
| WITHUMSMITH+BROWN, PC | Auditor | $184,002 | — | $184,002 |
| ELLENOFF GROSSMAN & SCHOLE LLP | Other Service Provider | $181,849 | — | $181,849 |
| ACTUM LLC | Other Service Provider | $100,000 | — | $100,000 |
| TAYLOR AND TAYLOR ASSOCIATES, INC | Other Service Provider | $85,978 | — | $85,978 |
| SYNERGY ENROLLMENT & BENEFITS, LLC | Other Service Provider | $80,000 | — | $80,000 |
| EMPLOYEE 002 | Recordkeeper | $75,000 | — | $75,000 |
| MILL CREEK CAPITAL ADVISORS, LLC | Other Service Provider | $53,710 | — | $53,710 |
| EMPLOYEE 003 | Recordkeeper | $40,073 | — | $40,073 |
| INNOVATION HEALTH, LLC | Other Service Provider | $37,732 | — | $37,732 |
| EMPLOYEE 004 | Recordkeeper | $12,115 | — | $12,115 |
| APERIO GROUP, LLC | Other Service Provider | $9,938 | — | $9,938 |
| US BANK | Other Service Provider | $8,938 | — | $8,938 |
| SMART SOURCE LLC | Other Service Provider | $8,645 | — | $8,645 |
| JUSTIN POLLOCK | Custodian / Trustee | $6,943 | — | $6,943 |
| DANIEL ROSENTHAL | Custodian / Trustee | $5,253 | — | $5,253 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EMPLOYEE 001 — Recordkeeper
- WITHUMSMITH+BROWN, PC — Auditor
- EMPLOYEE 002 — Recordkeeper
- EMPLOYEE 003 — Recordkeeper
- EMPLOYEE 004 — Recordkeeper
- JUSTIN POLLOCK — Custodian / Trustee
- DANIEL ROSENTHAL — Custodian / Trustee
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,180,089
- Estimated Expense Ratio: 8.158% 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 | $2,281,107 | $64,297 | $520,705 | $112,320 | — |
| 2023 | $3,082,134 | $143,152 | $815,171 | $185,286 | — |
| 2022 | $3,097,388 | $125,030 | $683,706 | — | $640,551 |