Plan Snapshot
- Plan Sponsor: Board Of Trustees, Teamsters Local 251 Health
- Sponsor EIN: 050367950
- Sponsor Address: 1201 ELMWOOD AVENUE, PROVIDENCE, RI, 029073799
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 3,091
- Total Assets: $174.8M
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 | 3,091 | $174.8M | $70.8M | $912,740 |
| 2023 | 3,004 | $161.0M | $70.2M | $839,743 |
| 2022 | 3,272 | $141.4M | $69.6M | $783,131 |
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 |
|---|---|---|---|---|
| UNITED HEALTHCARE SERVICES INC | Other Service Provider | $2,072,473 | — | $2,072,473 |
| CAREMARK RX LLC | Other Service Provider | $2,060,630 | — | $2,060,630 |
| THE SEGAL COMPANY | Other Service Provider | $220,310 | — | $220,310 |
| TAMMY BEAUDREAULT | Other Service Provider | $203,544 | — | $203,544 |
| GURSKY WIENS AND SHANLEY | Other Service Provider | $188,090 | — | $188,090 |
| CHRISTINE ROY | Other Service Provider | $165,063 | — | $165,063 |
| DAWN O'CONNOR | Other Service Provider | $160,509 | — | $160,509 |
| SABRINA REDDY | Other Service Provider | $160,008 | — | $160,008 |
| DELTA DENTAL OF RHODE ISLAND | Other Service Provider | $144,320 | — | $144,320 |
| CLAUDIA LAVALLEE | Other Service Provider | $135,873 | — | $135,873 |
| BRIDGEWAY BENEFITS TECHNOLOGIES | Other Service Provider | $116,036 | — | $116,036 |
| NOVAK FRANCELLA LLC | Auditor | $59,399 | — | $59,399 |
| MEKETA INVESTMENT GROUP INC | Other Service Provider | $56,000 | — | $56,000 |
| COIA & LEPORE, LTD. | Other Service Provider | $33,460 | — | $33,460 |
| UNION BANK & TRUST COMPANY | ERISA Attorney | $30,216 | — | $30,216 |
| EYEMED VISION CARE LLC | Other Service Provider | $22,405 | — | $22,405 |
| CMIT SOLUTIONS | Other Service Provider | $16,323 | — | $16,323 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA LLC — Auditor
- UNION BANK & TRUST COMPANY — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,844,659
- Estimated Expense Ratio: 3.344% 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 | $1,901,972 | $56,000 | — | $52,000 | — |
| 2023 | $1,825,981 | $82,104 | — | $50,000 | — |
| 2022 | $1,812,241 | $90,683 | — | — | $651,401 |