Plan Snapshot
- Plan Sponsor: Health Professions Of Montana Plan & Trust
- Sponsor EIN: 452078503
- Sponsor Address: PO BOX 9406, MISSOULA, MT, 59807
- Plan Type: Health & Welfare
- Plan Number: 550
- Total Participants: 1,325
- Total Assets: $6.3M
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. |
|---|---|---|---|---|
| 2025 | 1,325 | $6.3M | $0 | $0 |
| 2024 | 1,297 | $5.8M | $15.4M | $0 |
| 2023 | 1,344 | $5.4M | $14.4M | $0 |
| 2022 | 1,206 | $7.0M | $13.2M | $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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF MONTANA | Recordkeeper | $644,858 | — | $644,858 |
| HPMPT SPONSOR ORG INC. | Other Service Provider | $403,713 | — | $403,713 |
| LEIF ASSOCIATES, INC | Actuary | $179,818 | — | $179,818 |
| ALLIANT INSURANCE SERVICES INC | Other Service Provider | $64,792 | — | $64,792 |
| LARSEN LAW, PLLC | ERISA Attorney | $61,024 | — | $61,024 |
| EIDE BAILLY LLP | Auditor | $33,023 | — | $33,023 |
| J. BRUCE ROBERTSON | Other Service Provider | $9,000 | — | $9,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,396,228
- Estimated Expense Ratio: 22.169% 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 |
|---|---|---|---|---|---|
| 2025 | $16,129,408 | $12,749 | $1,062,500 | $126,334 | — |
| 2024 | $1,489,076 | $11,846 | $1,186,042 | $31,928 | — |
| 2023 | $1,240,778 | $10,899 | $881,630 | $27,650 | — |
| 2022 | $1,229,422 | $11,072 | $881,014 | — | $337,336 |