Plan Snapshot
- Plan Sponsor: Bd Of Trustees Michiana Electrical Workers Health & Welfare Fund
- Sponsor EIN: 356073323
- Sponsor Address: 6525 CENTURION DRIVE, LANSING, MI, 489179275
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,234
- Total Assets: $40.2M
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 | 1,234 | $40.2M | $27.9M | $1.0M |
| 2023 | 1,103 | $34.0M | $22.8M | $958,530 |
| 2022 | 1,051 | $28.3M | $19.8M | $985,678 |
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 |
|---|---|---|---|---|
| EVERSIDE HEALTH LLC | Other Service Provider | $1,299,980 | — | $1,299,980 |
| AETNA | Other Service Provider | $556,408 | — | $556,408 |
| TIC MIDWEST LLC | Other Service Provider | $147,218 | — | $147,218 |
| MEYERS GLAROS LLC | Other Service Provider | $100,000 | — | $100,000 |
| MAY OBERFELL LORBER | Other Service Provider | $91,334 | — | $91,334 |
| SCREENSAFE, INC | Other Service Provider | $88,378 | — | $88,378 |
| NEW AVENUES INC | Other Service Provider | $28,764 | — | $28,764 |
| BENDA, GRACE, STULZ & COMPANY P.C. | Other Service Provider | $22,300 | — | $22,300 |
| FOSTER & FOSTER | Other Service Provider | $7,500 | — | $7,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,341,882
- Estimated Expense Ratio: 5.826% 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 | $1,111,455 | $5,000 | $677,742 | $22,300 | — |
| 2023 | $675,663 | $5,000 | $308,476 | $21,650 | — |
| 2022 | $1,138,683 | $24,985 | $109,427 | — | $105,980 |