# Board Of Trustees Of Minnesota Laborers Health And Welfare Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-of-minnesota-laborers-health-and-welfare-fund-416187750-501

> Board Of Trustees Of Minnesota Laborers Health And Welfare Fund's Health & Welfare plan: 10,587 participants, plan year 2024 financials, providers, and bench…

Form 5500 filing data for plan year 2024.

## 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:** Health & Welfare

- **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](https://planprovider.pro/provider/the-wagner-law-group) — ERISA Attorney

- [LEGACY PROFESSIONALS LLP](https://planprovider.pro/provider/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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/board-of-trustees-of-minnesota-laborers-health-and-welfare-fund-416187750-501)

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