Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Dakotas And Western Minnesota Electrical Industry
- Sponsor EIN: 456038633
- Sponsor Address: 2901 FIRST AVENUE NO., FARGO, ND, 58102
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 3,935
- Total Assets: $78.4M
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 | 3,935 | $78.4M | $59.1M | $3.5M |
| 2023 | 3,987 | $67.9M | $53.0M | $3.3M |
| 2022 | 3,797 | $65.5M | $46.0M | $3.2M |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF NORTH DAK | Other Service Provider | $2,014,048 | — | $2,014,048 |
| OPTUMRX | Other Service Provider | $101,633 | $19,991 | $121,624 |
| UNITED ACTUARIAL SERVICES | Other Service Provider | $103,205 | — | $103,205 |
| COMMERCE BANK | Other Service Provider | $85,089 | — | $85,089 |
| JOHNSON & KROL LLC | Other Service Provider | $63,597 | — | $63,597 |
| LEGACY PROFESSIONALS LLP | Auditor | $26,900 | — | $26,900 |
| INTELLICENTS INVESTMENT SOLUTIONS | Investment Advisor | $18,000 | — | $18,000 |
| VIVID PRINTING | Other Service Provider | $9,616 | — | $9,616 |
| ALLEN BATES TECHNOLOGIES INC. | Other Service Provider | $5,060 | — | $5,060 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEGACY PROFESSIONALS LLP — Auditor
- INTELLICENTS INVESTMENT SOLUTIONS — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,447,139
- Estimated Expense Ratio: 3.122% 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 | $1,312,579 | $103,089 | $690,211 | $26,900 | — |
| 2023 | $1,139,275 | $99,163 | $694,796 | $25,750 | — |
| 2022 | $1,086,333 | $99,495 | $558,919 | — | $171,097 |