Plan Snapshot
- Plan Sponsor: Joint Bot Usw Local 10-00086 Merck Employees Health And Welfare Plan
- Sponsor EIN: 223548930
- Sponsor Address: 601 DRESHER ROAD, HORSHAM, PA, 19044
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,964
- Total Assets: $86.9M
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 | 1,964 | $86.9M | $39.8M | $5.7M |
| 2023 | 1,919 | $83.0M | $38.0M | $5.4M |
| 2022 | 1,982 | $77.2M | $39.4M | $5.5M |
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 |
|---|---|---|---|---|
| HORIZON HEALTHCARE SERVICES INC. | Other Service Provider | $712,491 | — | $712,491 |
| RAE CONSULTING | Other Service Provider | $248,974 | — | $248,974 |
| PNC BANK | Other Service Provider | $224,367 | — | $224,367 |
| EXPRESS SCRIPTS INC. | Other Service Provider | $158,656 | — | $158,656 |
| WILLIG WILLIAMS & DAVIDSON | ERISA Attorney | $111,926 | — | $111,926 |
| DAY PITNEY LLP | ERISA Attorney | $67,107 | — | $67,107 |
| UNITED CONCORDIA COMPANIES INC. | Other Service Provider | $58,858 | — | $58,858 |
| CP PRINTING | Other Service Provider | $22,368 | — | $22,368 |
| HJ KNIGHT INTERNATIONAL | Other Service Provider | $16,142 | — | $16,142 |
| FISCHER DORWART, P.C. | Other Service Provider | $10,000 | — | $10,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIG WILLIAMS & DAVIDSON — ERISA Attorney
- DAY PITNEY LLP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,630,889
- Estimated Expense Ratio: 1.877% 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 | $749,557 | $225,116 | $248,973 | $10,000 | — |
| 2023 | $625,336 | $246,430 | $195,700 | $9,750 | — |
| 2022 | $597,648 | $242,049 | $193,200 | — | $90,481 |