Plan Snapshot
- Plan Sponsor: Board Of Trustees-Architectural Ironworkers Local 63 Welfare Fund
- Sponsor EIN: 363251688
- Sponsor Address: 625 ENTERPRISE DRIVE, OAK BROOK, IL, 605238813
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,052
- Total Assets: $94.4M
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 | 1,052 | $94.4M | $21.8M | $1.7M |
| 2023 | 1,158 | $98.6M | $23.3M | $1.6M |
| 2022 | 957 | $98.5M | $21.9M | $1.4M |
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 |
|---|---|---|---|---|
| MARATHON HEALTH, LLC | Other Service Provider | $851,412 | — | $851,412 |
| BLUE CROSS/BLUE SHIELD | Other Service Provider | $774,682 | — | $774,682 |
| UNION EYES | Other Service Provider | $477,465 | — | $477,465 |
| BENEFITS MANAGEMENT GROUP | Other Service Provider | $384,321 | — | $384,321 |
| BLUEGRASS HEALTH SOLUTIONS | Other Service Provider | $325,527 | — | $325,527 |
| SAV-RX | Other Service Provider | $136,406 | — | $136,406 |
| GREGORIO, STEC, KLEIN & HOSE | Other Service Provider | $92,179 | — | $92,179 |
| FIRST LIGHT ASSET MANAGEMENT | Other Service Provider | $81,994 | — | $81,994 |
| CALIBRE CPA GROUP PLLC | Auditor | $53,505 | — | $53,505 |
| TFBC, LLC | Other Service Provider | $52,096 | — | $52,096 |
| MIDWEST INSTITUTIONAL TRUST CO | Other Service Provider | $51,036 | — | $51,036 |
| SEGALL BRYANT & HAMILL | Other Service Provider | $45,187 | — | $45,187 |
| ENVISION HEALTHCARE INC | Other Service Provider | $42,278 | — | $42,278 |
| FIDUCIENT ADVISORS | Other Service Provider | $24,100 | — | $24,100 |
| EMPLOYEE RESOURCE SYSTEMS | Recordkeeper | $22,436 | — | $22,436 |
| UNITED ACTUARIAL SERVICES | Other Service Provider | $14,000 | — | $14,000 |
| AMALGAMATED BANK OF CHICAGO | Other Service Provider | $12,738 | — | $12,738 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CALIBRE CPA GROUP PLLC — Auditor
- EMPLOYEE RESOURCE SYSTEMS — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,441,362
- Estimated Expense Ratio: 3.647% 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 | $874,144 | $151,281 | $382,800 | $32,100 | — |
| 2023 | $832,990 | $164,521 | $373,700 | $31,350 | — |
| 2022 | $781,308 | $210,164 | $366,127 | — | $141,279 |