Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Minnesota Laborers Health And Welfare Fund
- Sponsor EIN: 416187750
- Sponsor Address: 2520 PILOT KNOB ROAD, SUITE 325, MENDOTA HEIGHTS, MN, 55120
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 10,587
- Total Assets: $870.7M
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 | 10,587 | $870.7M | $163.5M | $11.4M |
| 2023 | 10,648 | $810.9M | $154.3M | $12.0M |
| 2022 | 10,710 | $721.3M | $146.6M | $11.2M |
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 |
|---|---|---|---|---|
| ZENITH AMERICAN SOLUTIONS, INC. | Other Service Provider | $4,220,410 | $315,684 | $4,536,094 |
| BCBSMN INC | Other Service Provider | $3,360,239 | — | $3,360,239 |
| HEALTHPARTNERS | Other Service Provider | $2,243,298 | — | $2,243,298 |
| BENECARD PBF | Other Service Provider | $603,955 | — | $603,955 |
| ZELIS CLAIMS INTEGRITY, LLC | Other Service Provider | $600,326 | — | $600,326 |
| DDMN ASO LLC | Other Service Provider | $347,921 | — | $347,921 |
| SHUMAKER LOOP & KENDRICK LLP | Other Service Provider | $234,562 | — | $234,562 |
| UNION BANK AND TRUST COMPANY | ERISA Attorney | $186,857 | — | $186,857 |
| THE SEGAL COMPANY | Other Service Provider | $182,169 | — | $182,169 |
| CHAMPLAIN INVESTMENT PARTNERS | Other Service Provider | $167,791 | — | $167,791 |
| MEKETA INVESTMENT GROUP | Other Service Provider | $150,000 | $50 | $150,050 |
| SAND CREEK GROUP LTD | Other Service Provider | $144,008 | — | $144,008 |
| PUNCH AND ASSOCIATES INVEST MGMT | Other Service Provider | $121,344 | — | $121,344 |
| BARROW, HANLEY, MEWHINNEY & STRAUSS | Other Service Provider | $99,737 | — | $99,737 |
| LEGACY PROFESSIONALS LLP | Auditor | $93,431 | — | $93,431 |
| NORTHERN TRUST CORPORATION | Other Service Provider | $66,589 | — | $66,589 |
| SEVEN CORNERS PRINTING | Other Service Provider | $55,653 | — | $55,653 |
| STATE STREET GLOBAL ADVISORS | Other Service Provider | $38,316 | — | $38,316 |
| WHITESTAR ADVISORS, LLC | Other Service Provider | $34,210 | — | $34,210 |
| LOOMIS SAYLES TRUST COMPANY | Other Service Provider | $33,106 | — | $33,106 |
| LASERMARK, INC. | Other Service Provider | $32,244 | — | $32,244 |
| SOULO COMMUNICATIONS | Other Service Provider | $30,033 | — | $30,033 |
| TEAM LLC | Other Service Provider | $22,548 | — | $22,548 |
| MADDEN BROTHERS, INC | Other Service Provider | $19,949 | — | $19,949 |
| FRSECURE LCC | Other Service Provider | $18,432 | — | $18,432 |
| USI INSURANCE SERVICES LLC | Other Service Provider | — | $11,390 | $11,390 |
| QUALITY RESOURCE GROUP, INC. | Other Service Provider | $10,613 | — | $10,613 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UNION BANK AND TRUST COMPANY — ERISA Attorney
- LEGACY PROFESSIONALS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,444,865
- Estimated Expense Ratio: 1.544% 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 | $6,289,147 | $714,278 | $3,762,839 | $48,500 | — |
| 2023 | $5,936,910 | $826,198 | $3,313,658 | $46,750 | — |
| 2022 | $6,067,552 | $829,661 | $3,096,905 | — | $541,811 |