# Board Of Trustees Of Dakotas And Western Minnesota Electrical Industry Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-of-dakotas-and-western-minnesota-electrical-industry-456038633-501

> Board Of Trustees Of Dakotas And Western Minnesota Electrical Industry's Health & Welfare plan: 3,935 participants, plan year 2024 financials, providers, and…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/legacy-professionals-llp) — Auditor

- [INTELLICENTS INVESTMENT SOLUTIONS](https://planprovider.pro/provider/intellicents-inc) — 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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/board-of-trustees-of-dakotas-and-western-minnesota-electrical-industry-456038633-501)

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