Plan Snapshot
- Plan Sponsor: Board Of Trustees Local Union No. 704
- Sponsor EIN: 237181744
- Sponsor Address: 1700 52ND AVE SUITE B, MOLINE, IL, 61265
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 155
- Total Assets: $7.1M
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 | 155 | $7.1M | $2.5M | $179,028 |
| 2023 | 145 | $6.8M | $2.4M | $222,453 |
| 2022 | 143 | $6.2M | $2.3M | $154,214 |
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 |
|---|---|---|---|---|
| PREFERRED HEALTH CHOICES, LLC | Other Service Provider | $76,545 | — | $76,545 |
| SCHUCHAT, COOK, & WERNER | ERISA Attorney | $26,933 | — | $26,933 |
| KUNKEL & ASSOCIATES, INC. | Other Service Provider | $24,089 | — | $24,089 |
| CALIBRE CPA GROUP, PLLC | Auditor | $19,549 | — | $19,549 |
| RJ LEE AND ASSOCIATES | Other Service Provider | $14,625 | — | $14,625 |
| TELEDOC HEALTH, INC | Other Service Provider | $14,476 | — | $14,476 |
| MZQ CONSULTING, LLC | Other Service Provider | $9,000 | — | $9,000 |
| OPTUM RX | Other Service Provider | $7,093 | — | $7,093 |
| INVESTMENT CONSULTANT GROUP, INC | Other Service Provider | $6,500 | — | $6,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHUCHAT, COOK, & WERNER — ERISA Attorney
- CALIBRE CPA GROUP, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $198,810
- Estimated Expense Ratio: 2.797% 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 | $108,663 | $6,500 | $19,705 | $18,500 | — |
| 2023 | $104,026 | $5,500 | $23,907 | $21,170 | — |
| 2022 | $105,765 | $5,500 | $21,354 | — | $71,051 |