# Health & Welfare Trust Fd Iuoe Local 877 & 70 Health & Welfare Plan
Source: https://planprovider.pro/companies/health-welfare-trust-fd-iuoe-local-877-70-042624972-501

> Health & Welfare Trust Fd Iuoe Local 877 & 70's Health & Welfare plan: 670 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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:** Health & Welfare

- **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](https://planprovider.pro/provider/schultheis-and-panettieri-llp) — 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|

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