Plan Snapshot
- Plan Sponsor: Trustees - Ugsoa Health And Welfare Fund
- Sponsor EIN: 824038622
- Sponsor Address: 2879 CRANBERRY HIGHWAY, EAST WAREHAM, MA, 02538
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,162
- 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 | 1,162 | $4.6M | $11.3M | $9,312 |
| 2023 | 1,912 | $3.6M | $5.5M | $6,355 |
| 2022 | 1,912 | $3.7M | $9.9M | $4,948 |
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 |
|---|---|---|---|---|
| ROBEIN, URANN, SPENCER, PICARD & CA | Other Service Provider | $26,599 | — | $26,599 |
| NEEDLES & ASSOCIATES, LLC. | Other Service Provider | $25,463 | — | $25,463 |
| BENEFIT SOURCE, INC | Other Service Provider | $16,481 | — | $16,481 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $68,543
- Estimated Expense Ratio: 1.500% 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 | $645,048 | — | $197,910 | $25,463 | — |
| 2023 | $497,721 | — | $233,183 | $5,000 | — |
| 2022 | $726,522 | — | $228,068 | — | $386,646 |