Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Carpenters & Joiners Welfare Fund
- Sponsor EIN: 416024791
- Sponsor Address: 3001 METRO DRIVE, SUITE 500, BLOOMINGTON, MN, 55425
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 11,199
- Total Assets: $349.6M
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 | 11,199 | $349.6M | $230.6M | $23.0M |
| 2023 | 11,778 | $341.7M | $228.6M | $23.4M |
| 2022 | 11,628 | $304.9M | $215.3M | $23.9M |
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 |
|---|---|---|---|---|
| WILSON-MCSHANE CORPORATION | Other Service Provider | $4,905,288 | — | $4,905,288 |
| UMR | Other Service Provider | $3,821,373 | $171,802 | $3,993,175 |
| T.E.A.M, LLC ADMINISTRATORS | Other Service Provider | $1,043,199 | — | $1,043,199 |
| EXPRESS SCRIPTS, INC. | Other Service Provider | $857,275 | — | $857,275 |
| REINHART BOERNER VAN DEUREN S.C. | Other Service Provider | $472,011 | — | $472,011 |
| STRATACOR | Other Service Provider | $352,144 | — | $352,144 |
| THE SEGAL COMPANY (MIDWEST) INC. | Other Service Provider | $193,663 | — | $193,663 |
| KUTAK ROCK LLP | Other Service Provider | $142,290 | — | $142,290 |
| RAFF PRINTING INC | Other Service Provider | $62,590 | — | $62,590 |
| UNION BANK AND TRUST | ERISA Attorney | $40,084 | — | $40,084 |
| SEGAL MARCO ADVISORS | Other Service Provider | $30,257 | — | $30,257 |
| CLIFTONLARSONALLEN LLP | Auditor | $29,715 | — | $29,715 |
| STATE STREET GLOBAL ADVISORS TRUST | Other Service Provider | $28,683 | — | $28,683 |
| ZELIS | Other Service Provider | $22,982 | — | $22,982 |
| INVESCO TRUST COMPANY | Other Service Provider | $12,076 | — | $12,076 |
| CASE MANAGEMENT SPECIALIST INC | Other Service Provider | $8,161 | — | $8,161 |
| FRSECURE LLC | Other Service Provider | $8,125 | — | $8,125 |
| THE WAGNER LAW GROUP | ERISA Attorney | $7,699 | — | $7,699 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UNION BANK AND TRUST — ERISA Attorney
- CLIFTONLARSONALLEN LLP — Auditor
- THE WAGNER LAW GROUP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $12,209,417
- Estimated Expense Ratio: 3.492% 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 | $11,811,853 | $110,997 | $10,965,991 | $29,715 | — |
| 2023 | $10,179,637 | $74,044 | $9,191,316 | $39,974 | — |
| 2022 | $11,659,449 | $74,728 | $11,015,882 | — | $361,558 |