Plan Snapshot
- Plan Sponsor: Massachusetts Bricklayers & Masons Health & Welfare Fund
- Sponsor EIN: 042145367
- Sponsor Address: 645 MORRISSEY BOULEVARD, BOSTON, MA, 021223569
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,621
- Total Assets: $54.2M
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 | 1,621 | $54.2M | $29.2M | $1.4M |
| 2023 | 1,610 | $57.0M | $30.6M | $1.4M |
| 2022 | 1,593 | $53.1M | $29.8M | $1.3M |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD | Other Service Provider | $1,087,823 | — | $1,087,823 |
| DELTA DENTAL | Other Service Provider | $111,506 | — | $111,506 |
| HANNON, L. | Other Service Provider | $101,688 | — | $101,688 |
| RASO, C. | Other Service Provider | $84,852 | — | $84,852 |
| PILLAR RX CONSULTING | Other Service Provider | $77,676 | — | $77,676 |
| WILLIS TOWERS WATSON | Other Service Provider | $76,250 | — | $76,250 |
| HARVEY, T. | Other Service Provider | $63,277 | — | $63,277 |
| AMALGAMATED BANK | Other Service Provider | $59,539 | — | $59,539 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $53,498 | — | $53,498 |
| ROSE, M | Other Service Provider | $48,525 | — | $48,525 |
| HARVEY, K. | Other Service Provider | $46,541 | — | $46,541 |
| HORIZON ACTUARIAL SERVICES | Other Service Provider | $46,175 | — | $46,175 |
| FEINBERG, DUMONT & BRENNAN | Other Service Provider | $39,198 | — | $39,198 |
| MANZI & ASSOCIATES, LLC | Other Service Provider | $36,630 | — | $36,630 |
| DAMIGELLA, C. | Other Service Provider | $36,311 | — | $36,311 |
| MODERN ASSISTANCE PROGRAMS INC | Other Service Provider | $30,000 | — | $30,000 |
| SEGAL MARCO ADVISORS INC. | Other Service Provider | $25,500 | — | $25,500 |
| BEAUDRY, W. | Other Service Provider | $21,194 | — | $21,194 |
| PETRILLO, P. | Other Service Provider | $20,298 | — | $20,298 |
| DAVIS VISION | Other Service Provider | $9,130 | — | $9,130 |
| SMITH, J. | Other Service Provider | $8,473 | — | $8,473 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,084,084
- Estimated Expense Ratio: 3.842% 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 | $2,180,543 | $27,500 | — | $36,630 | — |
| 2023 | $2,108,150 | $28,460 | — | $36,630 | — |
| 2022 | $2,124,841 | $27,335 | — | — | $159,293 |