# Board Of Trustees Of Local 1 Welfare Fund No. 1 Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-of-local-1-welfare-fund-no-1-340820618-501

> Board Of Trustees Of Local 1 Welfare Fund No. 1's Health & Welfare plan: 584 participants, plan year 2024 financials, providers, and benchmarks from Form 550…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Board Of Trustees Of Local 1 Welfare Fund No. 1

- **Sponsor EIN:** 340820618

- **Sponsor Address:** 812 HURON ROAD, SUITE 230, CLEVELAND, OH, 44115

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 584

- **Total Assets:** $10.7M

## 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|584|$10.7M|$2.3M|$5,991|

| 2023|549|$10.0M|$2.2M|$3,984|

| 2022|568|$9.0M|$2.2M|$196|

## 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|

| DONALD J. LOWE ASSOCIATES, INC.|Other Service Provider|$145,034|—|$145,034|

| ALLOTA FARLEY CO., LPA|Other Service Provider|$29,960|—|$29,960|

| CIUNI & PANICHI, INC.|Other Service Provider|$23,495|—|$23,495|

| ANDCO CONSULTING|Other Service Provider|$23,382|—|$23,382|

| CUNI, RUST AND STRENK|Other Service Provider|$11,000|—|$11,000|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $232,871

- **Estimated Expense Ratio:** 2.173% 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|$431,107|$25,297|$145,034|$23,495|—|

| 2023|$317,343|$19,077|$140,810|$30,375|—|

| 2022|$288,334|$15,751|$136,712|—|$43,599|

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