Plan Snapshot
- Plan Sponsor: Boston Insurance Employee Benefit Trust - Dfe
- Sponsor EIN: 042782032
- Sponsor Address: 10 RESEARCH PKWY SUITE 200, WALLINGFORD, CT, 06492
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 49,304
- Total Assets: $10.0M
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 | 49,304 | $10.0M | $304.0M | $0 |
| 2023 | 52,442 | $6.4M | $292.6M | $0 |
| 2022 | 52,445 | $8.6M | $288.0M | $0 |
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 |
|---|---|---|---|---|
| PROFESSIONAL PENSIONS INC | Recordkeeper | $213,993 | — | $213,993 |
| CAMBRIDGE LIFE BROKERAGE LLC | Other Service Provider | $174,164 | — | $174,164 |
| BLUEPRINT BENEFIT ADVISORS | Other Service Provider | $89,859 | — | $89,859 |
| HUB INTERNATIONAL NE | Other Service Provider | $81,618 | — | $81,618 |
| USI INSURANCE SERVICE LLC | Other Service Provider | $80,148 | — | $80,148 |
| NFP CORPORATE SERVICES | Other Service Provider | $58,642 | — | $58,642 |
| EDGEWOOD PARTNERS INSURANCE CENTER | Recordkeeper | $50,151 | — | $50,151 |
| BEERS, HAMERMAN, COHEN & BERGER P.C | Auditor | $47,766 | — | $47,766 |
| ALLIANT INSURANCE SERVICES INC. | Other Service Provider | $31,416 | — | $31,416 |
| MARSH & MCLENNAN AGENCY | Investment Advisor | $27,929 | — | $27,929 |
| BROWN & BROWN INSURANCE | Other Service Provider | $26,962 | — | $26,962 |
| CLARK AGENCY, LLC | Other Service Provider | $25,129 | — | $25,129 |
| ALAN SHEKETOFF | Other Service Provider | $23,883 | — | $23,883 |
| PRINCIPAL TRUST COMPANY | Custodian / Trustee | $21,348 | — | $21,348 |
| LIGHT HOUSE EMPLOYEE BENEFITS | Other Service Provider | $17,713 | — | $17,713 |
| KEYSTONE BENEFITS GROUP | Other Service Provider | $16,949 | — | $16,949 |
| CORPORATE SYNERGIES GROUPS | Other Service Provider | $14,794 | — | $14,794 |
| CORPORATE RISK SOLUTIONS | Other Service Provider | $14,407 | — | $14,407 |
| NESSO BENEFITS | Other Service Provider | $14,076 | — | $14,076 |
| IOA NORTHEAST | Other Service Provider | $13,964 | — | $13,964 |
| EXUDE BENEFITS GROUP | Other Service Provider | $13,149 | — | $13,149 |
| DIGITAL INSURANCE, INC. | Other Service Provider | $12,167 | — | $12,167 |
| GALLAGHER BENEFIT SERVICES | Investment Advisor | $11,042 | — | $11,042 |
| PETER M KACHIDURIAN | Other Service Provider | $10,922 | — | $10,922 |
| CHITTENDEN INSURANCE AGENCY | Other Service Provider | $10,398 | — | $10,398 |
| BENEFITS NETWORK INC. | Other Service Provider | $9,746 | — | $9,746 |
| ASSUREDPARTNERS NEW ENGLAND | Other Service Provider | $8,213 | — | $8,213 |
| SMITH BROTHERS INSURANCE | Other Service Provider | $8,188 | — | $8,188 |
| PATRIOT GROWTH INSURANCE | Other Service Provider | $8,149 | — | $8,149 |
| AON CONSULTING | Other Service Provider | $7,060 | — | $7,060 |
| CONNER STRONG COMPANIES, INC. | Other Service Provider | $6,662 | — | $6,662 |
| ACRISURE, LLC DBA COMPAIN ANDERSON | Other Service Provider | $6,584 | — | $6,584 |
| PROVIDENCE HEALTH BENEFITS | Other Service Provider | $6,550 | — | $6,550 |
| C.M. SMITH AGENCY | Other Service Provider | $5,551 | — | $5,551 |
| ROUND HILL RISK PARTNERS | Other Service Provider | $5,316 | — | $5,316 |
| MV FINANCIAL GROUP | Other Service Provider | $5,106 | — | $5,106 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EDGEWOOD PARTNERS INSURANCE CENTER — Recordkeeper
- MARSH & MCLENNAN AGENCY — Investment Advisor
- PRINCIPAL TRUST COMPANY — Custodian / Trustee
- GALLAGHER BENEFIT SERVICES — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,179,714
- Estimated Expense Ratio: 11.799% 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 | $282,607 | $20,848 | $213,993 | $47,766 | — |
| 2023 | $645,901 | — | $575,824 | — | — |
| 2022 | $671,582 | — | $573,598 | — | $66,896 |