Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Cement Masons Local No. 502 Retiree Welfare Fund
- Sponsor EIN: 800967048
- Sponsor Address: 739 25TH AVENUE, BELLWOOD, IL, 60104
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 459
- Total Assets: $18.3M
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. |
|---|---|---|---|---|
| 2025 | 459 | $18.3M | $0 | $0 |
| 2024 | 462 | $18.3M | $5.8M | $120,729 |
| 2023 | 470 | $18.7M | $5.9M | $109,410 |
| 2022 | 454 | $18.2M | $5.4M | $100,706 |
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 |
|---|---|---|---|---|
| MARATHON HEALTH | Other Service Provider | $214,023 | — | $214,023 |
| BLUECROSS BLUESHIELD OF ILLINOIS | Other Service Provider | $147,117 | — | $147,117 |
| UNION EYES, LLC | Other Service Provider | $115,683 | — | $115,683 |
| LUCILA DUARTE | Other Service Provider | $55,335 | — | $55,335 |
| ANGELO FEOLA | Other Service Provider | $52,500 | — | $52,500 |
| LEGACY PROFESSIONALS LLP | Other Service Provider | $46,293 | — | $46,293 |
| JULISSA SANTANA | Other Service Provider | $42,623 | — | $42,623 |
| NANCY AGUADO | Other Service Provider | $31,877 | — | $31,877 |
| SAV-RX PRESCRIPTION SERVICES | Other Service Provider | $29,953 | — | $29,953 |
| KARLA GENERETTE | Other Service Provider | $29,678 | — | $29,678 |
| KATHLEEN SUMMERLIN | Other Service Provider | $26,736 | — | $26,736 |
| KHAREN MCNAMARA | Other Service Provider | $26,499 | — | $26,499 |
| MATTHEW STIKA | Other Service Provider | $26,056 | — | $26,056 |
| ZENITH AMERICAN SOLUTIONS | Other Service Provider | $25,426 | — | $25,426 |
| JOHNSON & KROL LLC | Other Service Provider | $24,823 | — | $24,823 |
| TFBC, LLC | Other Service Provider | $19,804 | — | $19,804 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $19,117 | — | $19,117 |
| NATIONAL INVESTMENT SERVICES | Other Service Provider | $18,427 | — | $18,427 |
| VALENZ CARE | Other Service Provider | $7,917 | — | $7,917 |
| MARQUETTE ASSOCIATES | Other Service Provider | $7,000 | — | $7,000 |
| GREEN LIGHT | Other Service Provider | $6,355 | — | $6,355 |
| AMALGAMATED BANK OF CHICAGO | Other Service Provider | $6,244 | — | $6,244 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $979,486
- Estimated Expense Ratio: 5.343% 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 |
|---|---|---|---|---|---|
| 2025 | $8,925,002 | $31,671 | $20,027 | $34,000 | — |
| 2024 | $668,243 | $34,489 | $23,999 | $34,500 | — |
| 2023 | $503,705 | $29,725 | $23,609 | $36,000 | — |
| 2022 | $413,516 | $31,305 | $18,902 | — | $83,354 |