Plan Snapshot
- Plan Sponsor: Teamsters Union Local 653 Welfare Fund
- Sponsor EIN: 042149479
- Sponsor Address: 4-B HAMPDEN DRIVE, SOUTH EASTON, MA, 023751158
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,145
- Total Assets: $66.4M
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 | 1,145 | $66.4M | $30.3M | $764,270 |
| 2023 | 1,136 | $65.3M | $29.6M | $787,471 |
| 2022 | 1,160 | $64.2M | $30.7M | $811,552 |
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 | $820,786 | — | $820,786 |
| REGAN ASSOCIATES | Other Service Provider | $414,822 | — | $414,822 |
| MORGAN STANLEY | Recordkeeper | $412,116 | — | $412,116 |
| D. REYES | Other Service Provider | $105,631 | — | $105,631 |
| DELTA DENTAL | Other Service Provider | $88,968 | — | $88,968 |
| FEINBERG, DUMONT & BRENNAN | Other Service Provider | $88,404 | — | $88,404 |
| 4A HAMPDEN TRUST | Other Service Provider | $71,440 | — | $71,440 |
| CAROLINE MAILLOUX | Other Service Provider | $62,643 | — | $62,643 |
| MARCIE LEE | Other Service Provider | $62,576 | — | $62,576 |
| MANZI & ASSOCIATES LLC | Other Service Provider | $60,571 | — | $60,571 |
| OPTUM RX | Other Service Provider | $52,157 | — | $52,157 |
| WILLIS OF MASSACHUSETTS INC | Other Service Provider | $47,831 | — | $47,831 |
| K. ARAUJO | Other Service Provider | $42,146 | — | $42,146 |
| T. BAILOW | Other Service Provider | $40,835 | — | $40,835 |
| BRIDGEWAY BENEFIT TECHNOLOGIES, LLC | Other Service Provider | $28,704 | — | $28,704 |
| COLEMAN STAFFING SOLUTIONS, INC. | Other Service Provider | $22,000 | — | $22,000 |
| BLUE HARBOR TECHNOLOGY | Other Service Provider | $21,989 | — | $21,989 |
| POLSINELLI PC | Other Service Provider | $11,471 | — | $11,471 |
| DAVIS VISION | Other Service Provider | $5,178 | — | $5,178 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,460,268
- Estimated Expense Ratio: 3.703% 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 | $3,050,914 | $412,116 | — | $37,050 | — |
| 2023 | $2,823,574 | $377,761 | — | $37,050 | — |
| 2022 | $2,344,129 | $383,485 | — | — | $323,713 |