# Board Of Trustees, Teamsters Local 251 Health Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-teamsters-local-251-health-050367950-501

> Board Of Trustees, Teamsters Local 251 Health's Health & Welfare plan: 3,091 participants, plan year 2024 financials, providers, and benchmarks from Form 550…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/novak-francella-llc) — Auditor

- [UNION BANK & TRUST COMPANY](https://planprovider.pro/provider/the-wagner-law-group) — 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|

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