Plan Snapshot
- Plan Sponsor: Health Professionals & Allied Employees. Retiree Medical Trust
- Sponsor EIN: 686254830
- Sponsor Address: 140 SYLVAN AVENUE, ENGLEWOOD CLIFFS, NJ, 07632
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 6,000
- Total Assets: $42.2M
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 | 6,000 | $42.2M | $38,519 | $2.2M |
| 2023 | 6,000 | $35.6M | $21,629 | $2.0M |
| 2022 | 5,282 | $29.5M | $25,437 | $2.0M |
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 |
|---|---|---|---|---|
| ZENITH AMERICAN SOLUTIONS | Other Service Provider | $239,826 | — | $239,826 |
| PAYDEN & RYGEL | Other Service Provider | $80,922 | — | $80,922 |
| THE WAGNER LAW GROUP | ERISA Attorney | $56,118 | — | $56,118 |
| PROGRESSIVE BENEFIT SOLUTIONS, INC | Other Service Provider | $46,729 | — | $46,729 |
| WEAVER AND TIDWELL, LLP | Auditor | $40,415 | — | $40,415 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE WAGNER LAW GROUP — ERISA Attorney
- WEAVER AND TIDWELL, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $464,010
- Estimated Expense Ratio: 1.099% 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 | $535,847 | $80,922 | $286,555 | $40,415 | — |
| 2023 | $420,581 | $64,834 | $214,996 | $21,000 | — |
| 2022 | $407,065 | $52,898 | $223,454 | — | $83,376 |