Plan Snapshot
- Plan Sponsor: Pipefitters Union Local No. 537
- Sponsor EIN: 042167074
- Sponsor Address: 40 ENTERPRISE STREET, SUITE 463, DORCHESTER, MA, 021251638
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 2,372
- Total Assets: $92.6M
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 | 2,372 | $92.6M | $60.6M | $1.4M |
| 2023 | 2,310 | $87.1M | $57.6M | $1.5M |
| 2022 | 2,202 | $75.4M | $53.7M | $1.4M |
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 | $1,718,526 | — | $1,718,526 |
| MODERN ASSISTANCE PROGRAM | Other Service Provider | $131,291 | — | $131,291 |
| EXPRESS SCRIPTS, INC. | Other Service Provider | $108,347 | — | $108,347 |
| BRIDGEWAY TECHNOLOGIES | Other Service Provider | $98,599 | — | $98,599 |
| EMPLOYEE F | Recordkeeper | $71,592 | — | $71,592 |
| HINGE HEALTH, INC. | Other Service Provider | $68,655 | — | $68,655 |
| INCOME RESEARCH MANAGEMENT | Other Service Provider | $57,072 | — | $57,072 |
| MANZI & ASSOCIATES LLC | Other Service Provider | $53,534 | — | $53,534 |
| KRAKOW & SOURIS | Other Service Provider | $37,750 | — | $37,750 |
| HILB GROUP | Other Service Provider | $36,250 | — | $36,250 |
| CBIZ RETIREMENT PLAN SERVICES | Other Service Provider | $34,500 | — | $34,500 |
| BNY MELLON | Other Service Provider | $33,235 | — | $33,235 |
| EMPLOYEE G | Recordkeeper | $32,156 | — | $32,156 |
| EMPLOYEE E | Recordkeeper | $31,957 | — | $31,957 |
| EMPLOYEE C | Recordkeeper | $22,680 | — | $22,680 |
| BOSTON TRUST & INVESTMENT | Other Service Provider | $21,745 | — | $21,745 |
| EMPLOYEE B | Recordkeeper | $20,341 | — | $20,341 |
| NETWORK COVERAGE LLC | Other Service Provider | $20,155 | — | $20,155 |
| EMPLOYEE D | Recordkeeper | $13,761 | — | $13,761 |
| NOVAK FRANCELLA LLC | Auditor | $11,254 | — | $11,254 |
| NEPC LLC | Recordkeeper | $11,250 | — | $11,250 |
| QUADIENT | Other Service Provider | $8,348 | — | $8,348 |
| SEGAL CONSULTING | Other Service Provider | $6,371 | — | $6,371 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EMPLOYEE F — Recordkeeper
- EMPLOYEE G — Recordkeeper
- EMPLOYEE E — Recordkeeper
- EMPLOYEE C — Recordkeeper
- EMPLOYEE B — Recordkeeper
- EMPLOYEE D — Recordkeeper
- NOVAK FRANCELLA LLC — Auditor
- NEPC LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,649,369
- Estimated Expense Ratio: 2.862% 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 | $3,260,406 | $54,980 | — | $53,534 | — |
| 2023 | $3,015,074 | $97,699 | — | $51,785 | — |
| 2022 | $3,049,311 | $92,078 | — | — | — |