Plan Snapshot
- Plan Sponsor: Massachusetts Employers/Seiu Local 888 Trust Fund
- Sponsor EIN: 043240891
- Sponsor Address: 25 BRAINTREE HILL OFFICE PK, BRAINTREE, MA, 02184
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 477
- Total Assets: $4.6M
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 | 477 | $4.6M | $3.1M | $167,327 |
| 2023 | 461 | $4.4M | $2.8M | $143,203 |
| 2022 | 465 | $4.1M | $2.9M | $116,464 |
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 |
|---|---|---|---|---|
| SEIU LOCAL 888 | Other Service Provider | $127,890 | — | $127,890 |
| BLUE CROSS BLUE SHIELD OF MASS | Other Service Provider | $26,455 | — | $26,455 |
| F L PUTNAM | Investment Advisor | $18,249 | — | $18,249 |
| MANZI & ASSOCIATES LLC | Other Service Provider | $15,000 | — | $15,000 |
| O'BRIEN, RILEY & RYAN PC | Other Service Provider | $13,855 | — | $13,855 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $201,449
- Estimated Expense Ratio: 4.345% 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 | $225,634 | $18,249 | $29,578 | $15,000 | — |
| 2023 | $217,315 | $15,976 | $30,042 | $15,000 | — |
| 2022 | $220,607 | $16,173 | $34,987 | — | $30,450 |