Plan Snapshot
- Plan Sponsor: Brd Of Trustees-Teamsters Local 671 Health Services
- Sponsor EIN: 060691728
- Sponsor Address: 18 BRITTON DRIVE, BLOOMFIELD, CT, 060023617
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,433
- Total Assets: $84.5M
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 | 1,433 | $84.5M | $33.7M | $158,508 |
| 2023 | 1,320 | $80.1M | $32.2M | $128,110 |
| 2022 | 1,307 | $72.3M | $31.5M | $163,470 |
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 |
|---|---|---|---|---|
| ANTHEM HEALTH | Other Service Provider | $521,838 | — | $521,838 |
| LABOR FIRST LLC | Other Service Provider | $255,437 | $95,233 | $350,670 |
| EMPLOYEE B | Recordkeeper | $199,164 | — | $199,164 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $153,915 | — | $153,915 |
| EMPLOYEE E | Recordkeeper | $135,709 | — | $135,709 |
| EMPLOYEE D | Recordkeeper | $130,847 | — | $130,847 |
| EMPLOYEE F | Recordkeeper | $116,162 | — | $116,162 |
| EMPLOYEE G | Recordkeeper | $112,538 | — | $112,538 |
| MORGAN STANLEY | Other Service Provider | $67,190 | — | $67,190 |
| GUARDIAN | Recordkeeper | $66,339 | — | $66,339 |
| O'SULLIVAN ASSOCIATES INC | Other Service Provider | $53,500 | — | $53,500 |
| MED-CARE MANAGEMENT, INC. | Other Service Provider | $52,423 | — | $52,423 |
| MASSUCCI & ASSOCIATES LLC | Other Service Provider | $50,325 | — | $50,325 |
| COOKE & BIELER, INC. | Other Service Provider | $41,649 | — | $41,649 |
| OPTUM | Other Service Provider | $41,299 | — | $41,299 |
| ROBERT M CHEVERIE & ASSOCIATES | Other Service Provider | $39,600 | — | $39,600 |
| NOVAK FRANCELLA, LLC | Auditor | $32,000 | — | $32,000 |
| ALLEGIANT RX | Other Service Provider | — | $24,066 | $24,066 |
| DESCENT IT | Other Service Provider | $20,897 | — | $20,897 |
| ATALANTA SOSNOFF CAPITAL, LLC | Other Service Provider | $17,780 | — | $17,780 |
| VISION SERVICE PLAN | Other Service Provider | $17,155 | — | $17,155 |
| BOYD WATTERSON ASSET MANAGMENT | Other Service Provider | $15,620 | — | $15,620 |
| WEBSTER BANK, N.A. | Other Service Provider | $12,825 | — | $12,825 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EMPLOYEE B — Recordkeeper
- EMPLOYEE E — Recordkeeper
- EMPLOYEE D — Recordkeeper
- EMPLOYEE F — Recordkeeper
- EMPLOYEE G — Recordkeeper
- GUARDIAN — Recordkeeper
- NOVAK FRANCELLA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,273,511
- Estimated Expense Ratio: 2.691% 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 | $2,131,334 | $142,240 | $699,054 | $30,000 | — |
| 2023 | $2,058,567 | $129,028 | $661,703 | $30,000 | — |
| 2022 | $2,069,341 | $157,494 | $664,610 | — | $331,289 |