Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Ua Local No. 51 Health & Welfare Plan
- Sponsor EIN: 050498023
- Sponsor Address: 11 HEMINGWAY DR, RIVERSIDE, RI, 029152225
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 638
- Total Assets: $16.8M
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 | 638 | $16.8M | $12.9M | $718,315 |
| 2023 | 592 | $15.9M | $11.9M | $704,484 |
| 2022 | 595 | $16.1M | $11.2M | $749,984 |
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 |
|---|---|---|---|---|
| WARD, FISHER, & CO | Other Service Provider | $81,020 | — | $81,020 |
| RODIO & URSILLO | Other Service Provider | $33,000 | — | $33,000 |
| MEKETA INVESTMENT GROUP | Other Service Provider | $31,300 | — | $31,300 |
| CHEIRON, INC. | Other Service Provider | $18,108 | — | $18,108 |
| ROBERT M. CHEVERIE & ASSOC., P.C. | Other Service Provider | $10,200 | — | $10,200 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $173,628
- Estimated Expense Ratio: 1.034% 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 | $558,722 | $31,800 | — | $81,020 | — |
| 2023 | $549,737 | $28,000 | — | $76,875 | — |
| 2022 | $604,313 | $30,500 | — | — | $155,811 |