Plan Snapshot
- Plan Sponsor: Health & Welfare Trust Fd Iuoe Local 877 & 70
- Sponsor EIN: 042624972
- Sponsor Address: 89 ACCESS ROAD, NORWOOD, MA, 020625233
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 670
- Total Assets: $28.0M
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 | 670 | $28.0M | $18.0M | $2.9M |
| 2023 | 769 | $26.8M | $17.2M | $2.6M |
| 2022 | 734 | $24.7M | $17.8M | $2.5M |
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 |
|---|---|---|---|---|
| HEALTH PLANS INC | Other Service Provider | $286,561 | — | $286,561 |
| BENESYS, INC | Other Service Provider | $269,146 | — | $269,146 |
| PATRIOT MULLARE ASSOCIATES | Other Service Provider | $151,386 | — | $151,386 |
| THE SEGAL GROUP, INC | Other Service Provider | $75,038 | — | $75,038 |
| BLUE CROSS BLUE SHIELD MA | Other Service Provider | $51,540 | — | $51,540 |
| OPTUMRX, INC | Other Service Provider | $38,396 | — | $38,396 |
| SCHULTHEIS & PANETTIERI | Auditor | $30,000 | — | $30,000 |
| FUIMAN MOGILA LLP | ERISA Attorney | $29,220 | — | $29,220 |
| REID AND REIGE, PC | Other Service Provider | $13,711 | — | $13,711 |
| MODERN ASSISTANCE PROGRAMS, INC | Other Service Provider | $10,695 | — | $10,695 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHULTHEIS & PANETTIERI — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $955,693
- Estimated Expense Ratio: 3.416% 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 | $626,096 | $151,386 | $269,146 | $30,000 | — |
| 2023 | $1,798,504 | $220,280 | $257,827 | $15,000 | — |
| 2022 | $1,783,593 | $205,483 | $259,259 | — | $92,259 |