Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees, Bakery & Confectionery Union & Industry
- Sponsor EIN: 530227042
- Sponsor Address: 10401 CONNECTICUT AVENUE, KENSINGTON, MD, 208953960
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 8,329
- Total Assets: $275.7M
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 | 8,329 | $275.7M | $11.3M | $147,120 |
| 2023 | 8,363 | $257.4M | $11.7M | $142,627 |
| 2022 | 8,315 | $235.1M | $12.2M | $185,686 |
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 |
|---|---|---|---|---|
| SALARIES - MANAGEMENT | Other Service Provider | $969,446 | — | $969,446 |
| SALARIES - HEALTH BENEFITS | Other Service Provider | $706,876 | — | $706,876 |
| THE SEGAL COMPANY | Other Service Provider | $363,304 | — | $363,304 |
| PNC BANK N.A. | Other Service Provider | $311,423 | — | $311,423 |
| SALARIES - ADMINISTRATIVE SERVICES | Other Service Provider | $254,489 | — | $254,489 |
| WITHUMSMITH AND BROWN | Auditor | $183,530 | — | $183,530 |
| MULTIPLAN, INC. | Other Service Provider | $155,258 | — | $155,258 |
| SALARIES - INFORMATION TECHNOLOGY | Other Service Provider | $134,950 | — | $134,950 |
| LITTLER MENDELSON, P.C. | Other Service Provider | $71,823 | — | $71,823 |
| BREDHOFF & KAISER, P.L.L.C. | ERISA Attorney | $46,740 | — | $46,740 |
| FAIR HEALTH, INC. | Other Service Provider | $37,943 | — | $37,943 |
| SEGAL MARCO ADVISORS | Other Service Provider | $21,875 | — | $21,875 |
| HINES ASSOCIATES | Other Service Provider | $16,269 | — | $16,269 |
| VISION SERVICE PLAN | Other Service Provider | $15,109 | — | $15,109 |
| DOYLE PRINTING | Other Service Provider | $10,334 | — | $10,334 |
| SMART DATA SOLUTIONS | Other Service Provider | $9,533 | — | $9,533 |
| POTOMAC INFORMATION | Other Service Provider | $6,471 | — | $6,471 |
| AFL-CIO CF SL STOCK INDEX FUND | Other Service Provider | $5,862 | — | $5,862 |
| PAYCHEX | Other Service Provider | $5,087 | — | $5,087 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUMSMITH AND BROWN — Auditor
- BREDHOFF & KAISER, P.L.L.C. — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,326,322
- Estimated Expense Ratio: 1.206% 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 | $3,967,793 | $338,898 | — | $153,267 | — |
| 2023 | $4,761,253 | $299,837 | — | $232,993 | — |
| 2022 | $3,958,393 | $353,344 | — | — | $784,199 |