Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Eit Insurance Fund For Other Participating Employ
- Sponsor EIN: 361033970
- Sponsor Address: 6195 W 115TH STREET, ALSIP, IL, 60803
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 332
- Total Assets: $21.8M
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 | 332 | $21.8M | $7.0M | $18,467 |
| 2023 | 314 | $20.9M | $5.9M | $28,118 |
| 2022 | 296 | $19.7M | $5.1M | $60,907 |
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 | Other Service Provider | $191,011 | — | $191,011 |
| ELECTRICAL INSURANCE TRUSTEES | Custodian / Trustee | $180,000 | — | $180,000 |
| PREMISE HEALTH SYSTEMS, INC | Other Service Provider | $66,000 | — | $66,000 |
| CAREMARK PCS HEALTH LLC | Other Service Provider | $22,039 | — | $22,039 |
| MIDWEST COALITION OF LABOR | Other Service Provider | $12,024 | — | $12,024 |
| CORVEL CORPORATION | Other Service Provider | $11,069 | — | $11,069 |
| GREAT LAKES ADVISORS, INC. | Other Service Provider | $7,098 | — | $7,098 |
| AMALGAMATED BANK OF CHICAGO | Other Service Provider | $6,506 | — | $6,506 |
| BAIRD | Other Service Provider | $5,963 | — | $5,963 |
| WASHINGTON CAPITAL MANAGEMENT | Other Service Provider | $5,895 | — | $5,895 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $507,605
- Estimated Expense Ratio: 2.326% 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 | $208,965 | $26,639 | — | — | — |
| 2023 | $222,452 | $24,756 | — | — | — |
| 2022 | $216,495 | $22,085 | — | — | — |