Plan Snapshot
- Plan Sponsor: Board Of Trustees-Ibew Local 701 Welfare Fund
- Sponsor EIN: 362951116
- Sponsor Address: 28600 BELLA VISTA PARKWAY, WARRENVILLE, IL, 60606
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,224
- Total Assets: $75.5M
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 | 1,224 | $75.5M | $36.1M | $4.1M |
| 2023 | 1,203 | $75.6M | $35.0M | $4.1M |
| 2022 | 1,113 | $71.8M | $32.7M | $4.2M |
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 | $1,113,756 | — | $1,113,756 |
| HEALTH CARE SERVICE CORPORATION | Other Service Provider | $807,039 | — | $807,039 |
| UNION EYES | Other Service Provider | $622,532 | — | $622,532 |
| SAV-RX PRESCRIPTION SERVICE | Other Service Provider | $162,158 | — | $162,158 |
| TERRY MUSTO | Other Service Provider | $134,382 | — | $134,382 |
| ASHLEY N. TREDER | Other Service Provider | $131,717 | — | $131,717 |
| FOSTER & FOSTER, INC. | Other Service Provider | $119,934 | — | $119,934 |
| BRIAN BENSON | Other Service Provider | $114,625 | — | $114,625 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $103,264 | — | $103,264 |
| MED-CARE MANAGEMENT | Other Service Provider | $101,033 | — | $101,033 |
| RED-CARD SYSTEMS, LLC | Other Service Provider | $93,500 | — | $93,500 |
| MATTHEW BANKS | Other Service Provider | $83,699 | — | $83,699 |
| CYNTHIA POLSTER | Other Service Provider | $75,096 | — | $75,096 |
| ARNOLD & KADJAN LLP | Other Service Provider | $62,602 | — | $62,602 |
| DELTA DENTAL OF ILLINOIS | Other Service Provider | $52,326 | — | $52,326 |
| NATIONAL INVESTMENT SERVICES, INC | Other Service Provider | $51,783 | — | $51,783 |
| TOTAL ADMINISTRATIVE SERVICES CORP | Other Service Provider | $51,578 | — | $51,578 |
| BMO HARRIS | Other Service Provider | $50,045 | — | $50,045 |
| DIANA SABAL | Other Service Provider | $48,863 | — | $48,863 |
| SARAH GARLINGER | Other Service Provider | $48,674 | — | $48,674 |
| CHERYL MARTINEZ | Other Service Provider | $47,384 | — | $47,384 |
| ASB CAPITAL MANAGEMENT, LLC | Other Service Provider | $40,656 | — | $40,656 |
| ABSOLUTE SOLUTIONS | Other Service Provider | $39,726 | — | $39,726 |
| KAREN RONANA | Other Service Provider | $31,271 | — | $31,271 |
| CALIBRE CPA GROUP, PLLC | Auditor | $29,600 | — | $29,600 |
| CANDICE DANIEL | Other Service Provider | $28,081 | — | $28,081 |
| LEGACY PROFESSIONALS, LLP | Auditor | $23,757 | — | $23,757 |
| LASALLE CONSULTING PARTNERS INC. | Other Service Provider | $23,483 | — | $23,483 |
| MARQUETTE & ASSOCIATES | Other Service Provider | $15,600 | — | $15,600 |
| RICHARD J WOLF & COMPANY INC. | Other Service Provider | $13,853 | — | $13,853 |
| NATIONAL VISION ADMINISTRATORS, LLC | Other Service Provider | $12,607 | — | $12,607 |
| ERIC J FERNANDEZ & CO | Auditor | $10,950 | — | $10,950 |
| GREENBERG TRAURIG | ERISA Attorney | $7,100 | — | $7,100 |
| GREGORIO STEC KLEIN AND HOSE | Other Service Provider | $5,278 | — | $5,278 |
| MORGAN BIRGE AND ASSOCIATES | Other Service Provider | $5,044 | — | $5,044 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CALIBRE CPA GROUP, PLLC — Auditor
- LEGACY PROFESSIONALS, LLP — Auditor
- ERIC J FERNANDEZ & CO — Auditor
- GREENBERG TRAURIG — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,362,996
- Estimated Expense Ratio: 5.778% 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 | $1,894,767 | $108,039 | — | $29,600 | — |
| 2023 | $1,814,199 | $112,397 | — | $29,650 | — |
| 2022 | $1,638,594 | $165,342 | — | — | $354,691 |