Plan Snapshot
- Plan Sponsor: International Union Of Operating Enginee Local 25 Marine Division Medi
- Sponsor EIN: 131931288
- Sponsor Address: 461 STATE ROUTE 33, MILLSTONE TOWNSHIP, NJ, 08535
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 915
- Total Assets: $63.4M
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 | 915 | $63.4M | $19.8M | $150,661 |
| 2023 | 975 | $57.1M | $21.0M | $246,038 |
| 2022 | 1,061 | $48.0M | $22.2M | $305,472 |
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 |
|---|---|---|---|---|
| UMR | Other Service Provider | $170,595 | — | $170,595 |
| COHEN, WEISS & SIMON LLP | Other Service Provider | $117,810 | — | $117,810 |
| HORIZON HEALTHCARE SERVICES | Other Service Provider | $116,147 | — | $116,147 |
| MEGHAN BRODOWSKI | Other Service Provider | $108,614 | — | $108,614 |
| KRISTI FENNELL | Other Service Provider | $106,469 | — | $106,469 |
| MARYANN GUARRACI | Other Service Provider | $53,738 | — | $53,738 |
| PO CHIU | Other Service Provider | $49,620 | — | $49,620 |
| DIANE WEBER | Other Service Provider | $48,585 | — | $48,585 |
| MULTIPLAN, INC. | Other Service Provider | $42,212 | — | $42,212 |
| WEAVER AND TIDWELL, LLP | Auditor | $41,968 | — | $41,968 |
| ROBIN LANDINO | Other Service Provider | $41,922 | — | $41,922 |
| ERIN CANAS | Other Service Provider | $38,582 | — | $38,582 |
| RAC SYSTEMS CORPORATION | Other Service Provider | $36,705 | — | $36,705 |
| SYNTONICS | Other Service Provider | $31,373 | — | $31,373 |
| DELTA DENTAL OF NJ, INC. | Other Service Provider | $28,246 | — | $28,246 |
| ALLIED TRADES ASSISTANCE PROGRAM | Other Service Provider | $27,910 | — | $27,910 |
| INVESTMENT CONSULTING SERVICES, LLC | Other Service Provider | $26,750 | — | $26,750 |
| OSULLIVAN ASSOCIATES | Other Service Provider | $21,375 | — | $21,375 |
| OPTUM RX | Other Service Provider | $20,316 | — | $20,316 |
| SEGAL | Other Service Provider | $14,705 | — | $14,705 |
| WILMINGTON TRUST | Other Service Provider | $7,200 | — | $7,200 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- 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: $1,150,842
- Estimated Expense Ratio: 1.814% 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 | $1,579,027 | $33,950 | $405,851 | $41,968 | — |
| 2023 | $1,159,362 | $37,550 | — | $48,339 | — |
| 2022 | $1,147,190 | $37,550 | — | — | $184,499 |