Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Illinois State Painters Welfare Fund
- Sponsor EIN: 366053429
- Sponsor Address: 20 N MARTINGALE RD, STE 290, SCHAUMBURG, IL, 60173
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 790
- Total Assets: $16.6M
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 | 790 | $16.6M | $11.3M | $341,570 |
| 2023 | 810 | $16.0M | $11.2M | $315,600 |
| 2022 | 790 | $13.0M | $10.4M | $331,261 |
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 |
|---|---|---|---|---|
| IBEW-NECA SERVICE CENTER DBA SCBENE | Other Service Provider | $314,753 | — | $314,753 |
| THE SEGAL COMPANY (MIDWEST), INC | Other Service Provider | $134,921 | — | $134,921 |
| CAVANAGH & O'HARA, LLP | Other Service Provider | $100,213 | — | $100,213 |
| MARQUETTE ASSOCIATES | Other Service Provider | $44,167 | — | $44,167 |
| ROMOLO & ASSOCIATES, LLC | Other Service Provider | $26,485 | — | $26,485 |
| UCS HOLDINGS, INC DBA VALENZ CARE | Other Service Provider | $20,771 | — | $20,771 |
| LUCY RX | Other Service Provider | $5,990 | — | $5,990 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $647,300
- Estimated Expense Ratio: 3.903% 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 | $795,962 | $46,430 | $397,654 | $26,000 | — |
| 2023 | $719,589 | $45,040 | $357,077 | $26,000 | — |
| 2022 | $598,632 | $49,877 | $253,835 | — | $205,525 |