Plan Snapshot
- Plan Sponsor: Board Of Trustees Local 502 Savings Fund
- Sponsor EIN: 366411337
- Sponsor Address: 739 SOUTH 25TH AVENUE, BELLWOOD, IL, 60104
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,304
- Total Assets: $9.0M
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 | 1,304 | $9.0M | $43,293 | $8.1M |
| 2023 | 1,229 | $9.1M | $48,550 | $8.6M |
| 2022 | 1,271 | $9.1M | $49,090 | $8.8M |
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 |
|---|---|---|---|---|
| LEGACY PROFESSIONALS LLP | Auditor | $28,822 | — | $28,822 |
| JOHNSON & KROL | Other Service Provider | $17,354 | — | $17,354 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEGACY PROFESSIONALS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,176
- Estimated Expense Ratio: 0.515% 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 | $132,670 | — | — | $19,000 | — |
| 2023 | $128,666 | — | — | $17,250 | — |
| 2022 | $124,052 | — | — | — | $51,772 |