Plan Snapshot
- Plan Sponsor: Board Of Trustees Lima Area Health And Welfare Fund
- Sponsor EIN: 346555849
- Sponsor Address: P.O. BOX 1298, MAUMEE, OH, 43537
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 378
- Total Assets: $15.3M
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 | 378 | $15.3M | $9.3M | $249,217 |
| 2023 | 337 | $15.4M | $7.3M | $284,553 |
| 2022 | 331 | $17.2M | $6.4M | $355,096 |
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 |
|---|---|---|---|---|
| ANTHEM | Other Service Provider | $251,871 | — | $251,871 |
| NORTHWESTERN OHIO ADMINISTRATORS | Other Service Provider | $210,192 | — | $210,192 |
| SHUMAKER, LOOP & KENDRICK | Other Service Provider | $60,180 | — | $60,180 |
| CLARK, SCHAEFER, HACKETT & CO. | Other Service Provider | $22,200 | — | $22,200 |
| SEGAL MARCO ADVISORS | Other Service Provider | $15,281 | — | $15,281 |
| DELTA DENTAL | Other Service Provider | $15,080 | — | $15,080 |
| K. ROSE ASSOCIATES | Other Service Provider | $11,355 | — | $11,355 |
| BRIDGEWAY BENEFIT TECH | Other Service Provider | $11,091 | — | $11,091 |
| HIGHLAND & ASSOCIATES | Other Service Provider | $6,392 | — | $6,392 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $603,642
- Estimated Expense Ratio: 3.937% 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 | $725,424 | $1,563 | $545,756 | $23,033 | — |
| 2023 | $702,673 | $1,250 | $489,943 | $26,767 | — |
| 2022 | $571,331 | $1,250 | $436,897 | — | $100,486 |