Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Milwaukee Painters Local Union No. 781 Health Fun
- Sponsor EIN: 390859145
- Sponsor Address: 11270 WEST PARK PLACE, SUITE 950, MILWAUKEE, WI, 53224
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 639
- Total Assets: $34.5M
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 | 639 | $34.5M | $12.0M | $420,763 |
| 2023 | 637 | $28.4M | $11.1M | $418,024 |
| 2022 | 540 | $24.6M | $9.7M | $470,238 |
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 |
|---|---|---|---|---|
| UNITED HEALTHCARE INSURANCE COMPANY | Other Service Provider | $405,339 | — | $405,339 |
| BENEFIT PLAN ADMINISTRATION OF WI | Other Service Provider | $394,291 | — | $394,291 |
| THE SEGAL COMPANY (MIDWEST) | Other Service Provider | $123,486 | — | $123,486 |
| HEALTH GAUGE | Other Service Provider | $76,050 | — | $76,050 |
| THE PREVIANT LAW FIRM, S.C. | Other Service Provider | $48,343 | — | $48,343 |
| TEAM CORPORATION | Other Service Provider | $38,730 | — | $38,730 |
| STRATEGIC CAPITAL | Other Service Provider | $35,000 | — | $35,000 |
| SIKICH CPA LLC | Auditor | $25,940 | — | $25,940 |
| MIDWEST INSTITUTIONAL TRUST COMPANY | Other Service Provider | $21,130 | — | $21,130 |
| WEX HEALTH INC. | ERISA Attorney | $12,000 | — | $12,000 |
| JOHNSON BANK | Other Service Provider | $9,471 | — | $9,471 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SIKICH CPA LLC — Auditor
- WEX HEALTH INC. — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,189,780
- Estimated Expense Ratio: 3.452% 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 | $818,197 | $56,130 | $394,291 | $25,940 | — |
| 2023 | $773,395 | $91,299 | $371,127 | $25,180 | — |
| 2022 | $696,289 | $80,995 | $374,090 | — | $173,265 |