Plan Snapshot
- Plan Sponsor: Board Of Trustees, Bac Of Michigan Welfare Fund
- Sponsor EIN: 382073681
- Sponsor Address: 700 TOWER DRIVE, SUITE 215, TROY, MI, 48098
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,623
- Total Assets: $29.3M
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 | 1,623 | $29.3M | $25.6M | $2.3M |
| 2023 | 1,575 | $24.9M | $24.9M | $2.0M |
| 2022 | 1,544 | $20.9M | $22.9M | $2.0M |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF MICHIGAN | Other Service Provider | $836,817 | — | $836,817 |
| BENESYS INC | Other Service Provider | $247,859 | — | $247,859 |
| STEFANSKY, HOLLOWAY, NICHOLS, INC | Other Service Provider | $188,249 | — | $188,249 |
| NOVARA TESIJA PLLC | Other Service Provider | $154,589 | — | $154,589 |
| LAURA SCOTT | Other Service Provider | $84,793 | — | $84,793 |
| BRENDA O'MALLEY | Other Service Provider | $70,742 | — | $70,742 |
| HEATHER LIGGET | Other Service Provider | $69,872 | — | $69,872 |
| STACEY LOVELACE | Other Service Provider | $68,778 | — | $68,778 |
| CALL A DOCTOR | Other Service Provider | $63,592 | — | $63,592 |
| ROWLA HAMIEL | Other Service Provider | $63,380 | — | $63,380 |
| AMERICAN GRAPHICS | Other Service Provider | $61,705 | — | $61,705 |
| JOCELYN PHILLIPS | Other Service Provider | $61,009 | — | $61,009 |
| CHRISTINA BLANKENSHIP | Other Service Provider | $52,685 | — | $52,685 |
| SALUS GROUP | Other Service Provider | $48,996 | — | $48,996 |
| QUADIENT FINANCE | Other Service Provider | $37,284 | — | $37,284 |
| BENDA, GRACE, STULZ & COMPANY PC | Other Service Provider | $28,100 | — | $28,100 |
| THE SEGAL GROUP | Other Service Provider | $10,026 | — | $10,026 |
| MORGAN STANLEY | Investment Advisor | $10,000 | — | $10,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,158,476
- Estimated Expense Ratio: 7.365% 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 | $2,263,984 | — | $903,181 | $28,100 | — |
| 2023 | $2,040,182 | $1,891 | $903,967 | $27,200 | — |
| 2022 | $2,310,392 | $15,886 | $172,936 | — | $662,827 |