Plan Snapshot
- Plan Sponsor: Associated Employers Of Montana
- Sponsor EIN: 810424947
- Sponsor Address: 3435 MOUNTAIN PASS ROAD, BILLINGS, MT, 591081087
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 7,740
- Total Assets: $54.3M
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 | 7,740 | $54.3M | $74.3M | $0 |
| 2023 | 7,609 | $46.8M | $71.7M | $0 |
| 2022 | 7,478 | $41.3M | $65.9M | $0 |
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 |
|---|---|---|---|---|
| EMPLOYEE BENEFIT MGMT SERVICES | Recordkeeper | $3,705,294 | — | $3,705,294 |
| ASSOCIATED MANAGEMENT SERVICES INC | Other Service Provider | $2,285,471 | — | $2,285,471 |
| HUB INTERNATIONAL | Insurance Carrier | $443,251 | — | $443,251 |
| LEAVITT GREAT WEST INSURANCE | Insurance Carrier | $376,840 | — | $376,840 |
| FIRST CHOICE HEALTH | Other Service Provider | $353,936 | — | $353,936 |
| MARSH & MCLENNAN | Insurance Carrier | $290,858 | — | $290,858 |
| ROCKY MOUNTAIN INSURANCE GROUP | Insurance Carrier | $214,762 | — | $214,762 |
| ACTUARIAL STRATEGIES & TACTICS INC | Actuary | $175,973 | — | $175,973 |
| AETNA SIGNATURE ADMINISTRATORS | Other Service Provider | $169,642 | — | $169,642 |
| LEWISTOWN INSURANCE AGENCY, INC. | Insurance Carrier | $73,165 | — | $73,165 |
| GRANITE PEAK ANALYTICS, LLC | Other Service Provider | $59,849 | — | $59,849 |
| H&H INSURANCE LLC | Insurance Carrier | $46,942 | — | $46,942 |
| DEVRIES INSURANCE | Insurance Carrier | $43,622 | — | $43,622 |
| ALLEN & ASSOCIATES INSURANCE INC. | Insurance Carrier | $38,669 | — | $38,669 |
| EIDE BAILLY LLP | Auditor | $32,410 | — | $32,410 |
| BSA EMPLOYEE BENEFITS INC. | Insurance Carrier | $22,989 | — | $22,989 |
| 406 BENEFITS | Insurance Carrier | $22,085 | — | $22,085 |
| SEITZ INSURANCE AGENCY | Insurance Carrier | $20,761 | — | $20,761 |
| NORTHERN LIGHTS INSURANCE SERVICES | Insurance Carrier | $18,294 | — | $18,294 |
| VIRTUS LLC | Insurance Carrier | $17,910 | — | $17,910 |
| ALLIANT INSURANCE SERVICES INC. | Insurance Carrier | $14,923 | — | $14,923 |
| HOLLAND & HART | ERISA Attorney | $7,500 | — | $7,500 |
| INNOVATIVE BENEFIT PLANS LLC | Insurance Carrier | $6,913 | — | $6,913 |
| BIG SKY BENEFIT SOLUTIONS | Insurance Carrier | $5,850 | — | $5,850 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EMPLOYEE BENEFIT MGMT SERVICES — Recordkeeper
- MARSH & MCLENNAN — Insurance Carrier
- EIDE BAILLY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,447,909
- Estimated Expense Ratio: 15.548% 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 | $8,698,493 | $87,537 | $4,288,721 | $32,410 | — |
| 2023 | $8,593,638 | $78,819 | $4,112,453 | $29,450 | — |
| 2022 | $7,267,038 | $39,262 | $3,552,023 | — | $3,544,768 |