Plan Snapshot
- Plan Sponsor: Ri Laborers Health Fund Board Of Trustees
- Sponsor EIN: 050368200
- Sponsor Address: 410 SOUTH MAIN STREET SUITE 200, PROVIDENCE, RI, 02903
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 2,289
- Total Assets: $94.3M
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 | 2,289 | $94.3M | $40.3M | $88,335 |
| 2023 | 2,220 | $84.9M | $34.8M | $82,082 |
| 2022 | 2,163 | $78.5M | $32.0M | $63,419 |
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 OF RI | Other Service Provider | $1,164,262 | — | $1,164,262 |
| THE SEGAL CO. EASTERN STATES , INC | Other Service Provider | $303,499 | — | $303,499 |
| ADMINISTRATION SERVICES, INC. | Other Service Provider | $211,200 | — | $211,200 |
| COIA & LEPORE, LTD. | Other Service Provider | $100,800 | — | $100,800 |
| ADLER POLLOCK & SHEEHAN PC | Other Service Provider | $96,000 | — | $96,000 |
| WEX, INC. | Other Service Provider | $41,756 | — | $41,756 |
| WARD, FISHER & COMPANY, LLP | Other Service Provider | $28,200 | — | $28,200 |
| CORRENTE LAW OFFICES | Other Service Provider | $28,000 | — | $28,000 |
| STATE STREET GLOBAL ADVISORS TRUST | Other Service Provider | $24,571 | — | $24,571 |
| SEGAL MARCO ADVISORS | Other Service Provider | $22,000 | — | $22,000 |
| ACADIAN ASSET MANAGEMENT LLC | Other Service Provider | $16,413 | — | $16,413 |
| CITIZENS BANK | Other Service Provider | $7,706 | — | $7,706 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,044,407
- Estimated Expense Ratio: 2.167% 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 | $848,470 | $70,690 | $287,200 | $28,200 | — |
| 2023 | $664,448 | $69,902 | $211,200 | $40,500 | — |
| 2022 | $574,395 | $71,849 | $168,000 | — | $299,537 |