Plan Snapshot
- Plan Sponsor: New Hampshire Bankers Association Insurance Trust
- Sponsor EIN: 026005138
- Sponsor Address: PO BOX 2586, CONCORD, NH, 03302
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 442
- Total Assets: $701,444
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. |
|---|---|---|---|---|
| 2025 | 442 | $701,444 | $0 | $0 |
| 2024 | 0 | $1.3M | $9.8M | $69,674 |
| 2023 | 536 | $848,132 | $8.3M | $121,143 |
| 2022 | 741 | $1.6M | $7.8M | $135,153 |
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 |
|---|---|---|---|---|
| THE RICHARDS GROUP | Other Service Provider | $180,060 | — | $180,060 |
| WIPFLI, LLP | Auditor | $48,747 | — | $48,747 |
| BERNSTEIN SHUR | ERISA Attorney | $47,088 | — | $47,088 |
| MASON & RICH, P.A. | Other Service Provider | $14,782 | — | $14,782 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $290,677
- Estimated Expense Ratio: 41.440% 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 |
|---|---|---|---|---|---|
| 2025 | $11,683,159 | — | $191,070 | $48,747 | — |
| 2024 | $280,849 | — | $162,680 | $44,034 | — |
| 2023 | $354,487 | — | $218,818 | — | — |
| 2022 | $357,439 | — | $254,575 | — | $96,352 |