Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Laborers Local 231 Health & Welfare Plan
- Sponsor EIN: 376031467
- Sponsor Address: 2503 BROADWAY, PEKIN, IL, 615543907
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 368
- Total Assets: $21.5M
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 | 368 | $21.5M | $6.5M | $38,552 |
| 2023 | 334 | $18.8M | $6.1M | $43,659 |
| 2022 | 321 | $17.2M | $5.4M | $0 |
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 |
|---|---|---|---|---|
| EMPLOYEE 2 | Recordkeeper | $217,333 | — | $217,333 |
| EMPLOYEE 1 | Recordkeeper | $148,020 | — | $148,020 |
| THE SEGAL COMPANY (MIDWEST), INC | Other Service Provider | $39,150 | — | $39,150 |
| ROMOLO & ASSOCIATES | Other Service Provider | $38,361 | — | $38,361 |
| CAVANAGH & OHARA, LLP | Other Service Provider | $29,228 | — | $29,228 |
| BRIDGEWAY BENEFIT TECHNOLOGIES LLC | Other Service Provider | $24,000 | — | $24,000 |
| NATIONAL INVESTMENT SERVICES | Other Service Provider | $21,580 | — | $21,580 |
| SAV RX | Other Service Provider | $17,579 | — | $17,579 |
| MR. MICROCHIP SOFTWARE CENTER INC | Other Service Provider | $11,275 | — | $11,275 |
| MARQUETTE & ASSOCIATES | Other Service Provider | $10,875 | — | $10,875 |
| COMMERCE BANK | Other Service Provider | $3,330 | $2,720 | $6,050 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EMPLOYEE 2 — Recordkeeper
- EMPLOYEE 1 — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $563,451
- Estimated Expense Ratio: 2.626% 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 | $755,145 | $10,875 | $37,397 | $17,500 | — |
| 2023 | $658,896 | $10,500 | $34,769 | $17,500 | — |
| 2022 | $650,115 | $43,310 | $35,118 | — | $96,371 |