Plan Snapshot
- Plan Sponsor: Board Of Trustees Truck Drivers No. 355 Health & Welfare Plan
- Sponsor EIN: 520631160
- Sponsor Address: 1030 S. DUKELAND STREET, BALTIMORE, MD, 212233303
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,942
- Total Assets: $129.7M
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 | 1,942 | $129.7M | $36.7M | $1.1M |
| 2023 | 2,023 | $113.9M | $38.2M | $1.1M |
| 2022 | 2,140 | $97.5M | $38.6M | $1.1M |
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 |
|---|---|---|---|---|
| ZELIS | Recordkeeper | $1,123,034 | — | $1,123,034 |
| BENESYS, INC. | Other Service Provider | $321,692 | — | $321,692 |
| BENEFITS ADMINISTRATION, LLC | Recordkeeper | $296,371 | — | $296,371 |
| AMERICAN HEALTH HOLDING | Recordkeeper | $174,006 | — | $174,006 |
| EXPRESS SCRIPTS | Recordkeeper | $170,249 | — | $170,249 |
| CAREFIRST OF MARYLAND, INC. | Recordkeeper | $144,516 | — | $144,516 |
| CAREFIRST NETWORK LEASING | Recordkeeper | $133,287 | — | $133,287 |
| HCFL | Auditor | $71,406 | — | $71,406 |
| AMERICAN REALTY ADVISORS | Investment Advisor | $41,754 | — | $41,754 |
| BOLTON PARTNERS | Actuary | $41,700 | — | $41,700 |
| PNC BANK | Custodian / Trustee | $35,395 | — | $35,395 |
| MARCO CONSULTING GROUP, INC. | Other Service Provider | $25,000 | — | $25,000 |
| DELTA DENTAL OF PENNSYLVANIA | Recordkeeper | $22,062 | — | $22,062 |
| LOOMIS SAYLES TRUST COMPANY | Investment Advisor | $22,051 | — | $22,051 |
| WELLINGTON TRUST COMPANY, NA | Investment Advisor | $17,306 | — | $17,306 |
| ABATO, RUBENSTEIN & ABATO | Other Service Provider | $13,492 | — | $13,492 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,653,321
- Estimated Expense Ratio: 2.045% 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 | $2,758,244 | $106,112 | $618,063 | — | — |
| 2023 | $2,424,502 | $110,225 | $613,364 | — | — |
| 2022 | $2,476,944 | $112,248 | $613,364 | — | $126,719 |