Plan Snapshot
- Plan Sponsor: Board Of Trustees Of The Worcester Plumbers &
- Sponsor EIN: 046124621
- Sponsor Address: 8 FAIRFIELD BLVD SUITE 105 /, WALLINGFORD, CT, 06492
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 282
- Total Assets: $10.4M
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 | 282 | $10.4M | $3.5M | $425,924 |
| 2023 | 280 | $10.4M | $3.6M | $381,680 |
| 2022 | 258 | $9.8M | $3.1M | $447,700 |
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 |
|---|---|---|---|---|
| ZENITH AMERICAN SOLUTIONS, INC. | Other Service Provider | $50,916 | — | $50,916 |
| SEGAL COMPANY | Other Service Provider | $37,750 | — | $37,750 |
| ROBERT M. CHEVERIE & ASSOCIATES | Other Service Provider | $24,000 | — | $24,000 |
| NOVAK FRANCELLA, LLC | Auditor | $20,607 | — | $20,607 |
| BLUE CROSS BLUE SHIELD OF MA | Other Service Provider | — | $13,177 | $13,177 |
| MORGAN STANLEY GLOBAL BANKING | Recordkeeper | $10,000 | — | $10,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA, LLC — Auditor
- MORGAN STANLEY GLOBAL BANKING — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $156,450
- Estimated Expense Ratio: 1.509% 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 | $157,103 | $10,000 | $50,916 | $16,400 | — |
| 2023 | $117,982 | $10,000 | $50,616 | $15,900 | — |
| 2022 | $119,467 | $10,000 | $50,991 | — | $52,532 |