Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Ua Local 716 Health & Welfare
- Sponsor EIN: 016010506
- Sponsor Address: 1040 AVENUE OF THE AMERICAS, WALLINGFORD, CT, 06492
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 208
- Total Assets: $3.3M
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 | 208 | $3.3M | $3.7M | $196,725 |
| 2023 | 217 | $4.2M | $3.6M | $293,756 |
| 2022 | 244 | $5.0M | $3.5M | $354,287 |
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 | Other Service Provider | $193,838 | — | $193,838 |
| ANTHEM HEALTH PLANS, INC. | Other Service Provider | $96,950 | — | $96,950 |
| BROWN & BROWN INC | Other Service Provider | $39,000 | — | $39,000 |
| ZELIS | Other Service Provider | $25,465 | — | $25,465 |
| ROBERT CHEVERIE & ASSOCIATES, P.C. | Other Service Provider | $24,298 | — | $24,298 |
| NOVAK FRANCELLA LLC | Auditor | $20,509 | — | $20,509 |
| LABOR FIRST, LLC | Other Service Provider | $12,039 | — | $12,039 |
| CHARLES SCHWAB | Recordkeeper | $11,552 | — | $11,552 |
| CBIZ RETIREMENT PLAN SERVICES | Other Service Provider | $10,000 | — | $10,000 |
| PENSION FUND EVALUATIONS, INC. | Other Service Provider | $6,000 | — | $6,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA LLC — Auditor
- CHARLES SCHWAB — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $439,651
- Estimated Expense Ratio: 13.346% 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 | $443,722 | $17,552 | $193,838 | $16,500 | — |
| 2023 | $517,886 | $18,525 | $241,880 | $16,000 | — |
| 2022 | $533,411 | $23,178 | $259,194 | — | $69,622 |