Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Lake County Indiana Neca-Ibew Benefit Plan
- Sponsor EIN: 350911491
- Sponsor Address: 7200 MISSISSIPPI STREET, SUITE 300, MERRILLVILLE, IN, 46410
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 974
- Total Assets: $120.4M
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 | 974 | $120.4M | $22.0M | $1.3M |
| 2023 | 904 | $116.0M | $20.3M | $1.1M |
| 2022 | 892 | $104.4M | $17.8M | $1.1M |
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 |
|---|---|---|---|---|
| MAGNACARE | Other Service Provider | $519,998 | — | $519,998 |
| INCLUDED HEALTH INC. | Other Service Provider | $115,910 | — | $115,910 |
| M EGENER | Other Service Provider | $108,932 | — | $108,932 |
| FOSTER & FOSTER | Other Service Provider | $91,833 | — | $91,833 |
| P KEENAN | Recordkeeper | $68,678 | — | $68,678 |
| LEGACY PROFESSIONALS LLP | Auditor | $63,697 | — | $63,697 |
| HAGBERG & ASSOCIATES, P.C. | Other Service Provider | $59,455 | — | $59,455 |
| M SCZURKO | Other Service Provider | $59,318 | — | $59,318 |
| M PARAMANTGIS | Other Service Provider | $55,745 | — | $55,745 |
| MARQUETTE ASSOCIATES | Other Service Provider | $55,000 | — | $55,000 |
| SAGE ADVISORY SERVICES LTD CO | Other Service Provider | $33,870 | — | $33,870 |
| PNC BANK | Other Service Provider | $5,046 | — | $5,046 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEGACY PROFESSIONALS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,237,482
- Estimated Expense Ratio: 1.028% 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 | $923,274 | $152,085 | — | $36,638 | — |
| 2023 | $869,176 | $155,346 | — | $45,750 | — |
| 2022 | $738,346 | $112,960 | — | — | $165,299 |