Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Heat And Frost Insulators Local 34 H&W Plan
- Sponsor EIN: 416263066
- Sponsor Address: 3001 METRO DRIVE, SUITE 500, BLOOMINGTON, MN, 55425
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 421
- Total Assets: $11.0M
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 | 421 | $11.0M | $10.9M | $266,656 |
| 2023 | 386 | $10.0M | $10.9M | $204,332 |
| 2022 | 371 | $8.3M | $9.1M | $192,363 |
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 |
|---|---|---|---|---|
| HEALTHPARTNERS ADMINISTRATORS, INC. | Other Service Provider | $325,436 | — | $325,436 |
| WILSON-MCSHANE CORPORATION | Other Service Provider | $291,220 | — | $291,220 |
| SHUMAKER, LOOP & KENDRICK, LLP | Other Service Provider | $59,471 | — | $59,471 |
| THE MCKEOGH COMPANY | Other Service Provider | $42,000 | — | $42,000 |
| LEGACY PROFESSIONALS LLP | Auditor | $18,500 | — | $18,500 |
| DDMN ASO LLC | Other Service Provider | $12,775 | — | $12,775 |
| US BANK | Recordkeeper | $6,026 | — | $6,026 |
| FIDUCIENT ADVISORS | Other Service Provider | $5,276 | — | $5,276 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEGACY PROFESSIONALS LLP — Auditor
- US BANK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $760,704
- Estimated Expense Ratio: 6.904% 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 | $434,754 | $5,276 | $290,700 | $18,500 | — |
| 2023 | $403,088 | $2,136 | $274,800 | $17,570 | — |
| 2022 | $401,841 | $3,824 | $271,200 | — | $109,640 |