# Board Of Trustees, Iron Workers Local No. 25 Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-iron-workers-local-no-25-386216995-501

> Board Of Trustees, Iron Workers Local No. 25's Health & Welfare plan: 2,120 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Board Of Trustees, Iron Workers Local No. 25

- **Sponsor EIN:** 386216995

- **Sponsor Address:** 700 TOWER DRIVE,, TROY, MI, 480982808

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 2,120

- **Total Assets:** $48.4M

## 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|2,120|$48.4M|$35.7M|$3.4M|

| 2023|2,163|$46.4M|$34.3M|$3.5M|

| 2022|2,103|$44.2M|$30.2M|$3.3M|

## 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|$1,682,534|—|$1,682,534|

| BENESYS, INC.|Other Service Provider|$351,794|—|$351,794|

| TAFT STETTINIUS & HOLLISTER LLP|Other Service Provider|$251,508|—|$251,508|

| HESSIAN & MCKASY, P.A.|Other Service Provider|$221,373|—|$221,373|

| HORIZON ACTUARIAL SERVICES, LLC.|Other Service Provider|$209,300|—|$209,300|

| PLANTE & MORAN, PLLC|Other Service Provider|$135,635|—|$135,635|

| OPTUM RX INC.|Other Service Provider|$129,865|$1,632|$131,497|

| ASHERKELLY|Other Service Provider|$130,884|—|$130,884|

| LITTLER MENDELSON PC|Other Service Provider|$128,300|—|$128,300|

| DELTA DENTAL OF MICHIGAN|Other Service Provider|$91,618|—|$91,618|

| NATIONAL INVESTMENT SERVICES OF AME|Other Service Provider|$61,115|—|$61,115|

| HEALTHLINX, LLC|Other Service Provider|$58,000|—|$58,000|

| AMERICAN GRAPHICS PRINTING CO|Other Service Provider|$26,458|—|$26,458|

| COMERICA BANK|Other Service Provider|$25,195|—|$25,195|

| SLEVIN & HART, PC|ERISA Attorney|$24,359|—|$24,359|

| ACCRETIVE GLBL INS PART D ADVISORS|Other Service Provider|$23,667|—|$23,667|

| BOYD WATTERSON ASSET MGMT, LLC|Other Service Provider|$22,686|—|$22,686|

| NEPC, LLC|Recordkeeper|$22,073|—|$22,073|

| WITHUMSMITH+BROWN, PC|Auditor|$15,479|—|$15,479|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [SLEVIN & HART, PC](https://planprovider.pro/provider/slevin-and-hart-pc) — ERISA Attorney

- [NEPC, LLC](https://planprovider.pro/provider/milliman) — Recordkeeper

- [WITHUMSMITH+BROWN, PC](https://planprovider.pro/provider/withumsmithbrown-pc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $3,613,475

- **Estimated Expense Ratio:** 7.462% 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|$3,665,447|$83,801|$2,006,705|$135,635|—|

| 2023|$3,078,738|$72,065|$1,833,394|$112,475|—|

| 2022|$2,715,938|$62,682|$1,761,501|—|$598,114|

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