# Board Of Trustees Local Union No. 704 Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-local-union-no-704-237181744-501

> Board Of Trustees Local Union No. 704's Health & Welfare plan: 155 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 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](https://planprovider.pro/provider/schuchat-cook-and-werner) — ERISA Attorney

- [CALIBRE CPA GROUP, PLLC](https://planprovider.pro/provider/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|

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