Teamsters Local 493 Health Service & Insurance Plan — Form 5500 plan (Board Of Trustees Teamsters Local 493 Health Services & Ins Plan)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Teamsters Local 493 Health Service & Insurance Plan is a benefit plan reported by Board Of Trustees Teamsters Local 493 Health Services & Ins Plan under EIN 06-0942903 and plan number 501. The latest loaded filing year is 2023. The filing reports 1,258 participants and $80,055,977 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Board Of Trustees Teamsters Local 493 Health Services & Ins Plan
EIN
06-0942903
Plan number
501
Plan type
1
Location
Uncasville, CT
Latest filing year
2023
Participants
1,258
End-of-year plan assets
$80,055,977

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20231,258H, C20250414145632NAL0000810595002

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$80,055,977
Total liabilities (EOY)
$2,381,027
Net assets (EOY)
$77,674,950
Net assets (BOY)
$71,826,025

Income & contributions

Employer contributions
$14,485,431
Participant contributions
$230,570
Total contributions
$14,716,001
Total income / additions
$22,244,663

Expenses & distributions

Benefits paid
$15,456,081
Administrative expenses
$1,125,044
Total expenses
$16,581,125
Net increase / (decrease)
$5,663,538

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Tri State Joint FundAFFILIATED ORGANIZATION$387,180not reported in the loaded dataset2023
Anthem Blue Cross Blue ShieldNONE$243,842$02023
Claims ProcessorEMPLOYEE$75,892not reported in the loaded dataset2023
Morgan StanleyNONE$73,364$02023
Fund ManagerEMPLOYEE$70,763not reported in the loaded dataset2023
Claims ProcessorEMPLOYEE$56,406not reported in the loaded dataset2023
Claims ProcessorEMPLOYEE$37,722not reported in the loaded dataset2023
Valenz HealthNONE$37,398not reported in the loaded dataset2023
Uprise HealthNONE$25,763not reported in the loaded dataset2023
Mpl LLCNONE$0$22,5542023
Nicholas ReutEMPLOYER TRUSTEE$20,027not reported in the loaded dataset2023
Earnest Partners LLCNONE$18,905not reported in the loaded dataset2023
Boyd Watterson Asset MgmtNONE$18,412not reported in the loaded dataset2023
Allegiant RxNONE$12,910not reported in the loaded dataset2023
Optum RxNONE$7,523$3,8342023
Waycross Partners LLCNONE$9,361not reported in the loaded dataset2023
Craig MitchellUNION TRUSTEE$5,227not reported in the loaded dataset2023

Related Form 5500 pages