# Board Of Trustees Local 502 Savings Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-local-502-savings-fund-366411337-501

> Board Of Trustees Local 502 Savings Fund's Health & Welfare plan: 1,304 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 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](https://planprovider.pro/provider/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|

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