Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Local 649 Health Reimbursement Account Plan
- Sponsor EIN: 203473925
- Sponsor Address: 6408 W PLANK ROAD, PEORIA, IL, 616045237
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 217
- Total Assets: $834,467
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 | 217 | $834,467 | $0 | $0 |
| 2023 | 284 | $668,824 | $0 | $0 |
| 2022 | 331 | $670,073 | $0 | $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 |
|---|---|---|---|---|
| OPERATING ENGINEERS LOCAL 649 | Other Service Provider | $14,914 | — | $14,914 |
| ROMOLO & ASSOCIATES, LLC | Other Service Provider | $7,100 | — | $7,100 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $22,014
- Estimated Expense Ratio: 2.638% 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 | $26,684 | $750 | $14,914 | $7,100 | — |
| 2023 | $28,434 | — | $16,901 | $7,100 | — |
| 2022 | $31,158 | $750 | $20,196 | — | $7,268 |