Plan Snapshot
- Plan Sponsor: Enbridge Employee Services, INC.
- Sponsor EIN: 760697621
- Sponsor Address: 915 N. ELDRIDGE PARKWAY, HOUSTON, TX, 77079
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 3,531
- Total Assets: $70.0M
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 | 3,531 | $70.0M | $52.2M | $14.3M |
| 2023 | 3,697 | $71.0M | $47.2M | $14.1M |
| 2022 | 3,897 | $67.9M | $44.5M | $13.3M |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF TEXAS | Other Service Provider | $3,365,000 | — | $3,365,000 |
| CAREMARK | Other Service Provider | $295,000 | — | $295,000 |
| VISION SERVICE PLAN | Other Service Provider | $63,000 | — | $63,000 |
| MDX MEDICAL INC., DBA SAPPHIRE DIG | Other Service Provider | $27,000 | — | $27,000 |
| UMR | Other Service Provider | $18,000 | — | $18,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,768,000
- Estimated Expense Ratio: 5.379% 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 | $4,027,000 | $3,000 | $3,749,000 | — | — |
| 2023 | $3,492,000 | $5,000 | $3,258,000 | — | — |
| 2022 | $3,716,000 | $9,000 | $3,038,000 | — | — |