Plan Snapshot
- Plan Sponsor: Board Of Trustees Of The Cooperative Welfare Benefits Fund
- Sponsor EIN: 421294150
- Sponsor Address: 1415 28TH STREET, SUITE 100, WEST DES MOINES, IA, 502661450
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 4,946
- Total Assets: $20.5M
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 | 4,946 | $20.5M | $61.1M | $1.0M |
| 2023 | 5,337 | $20.3M | $67.6M | $1.3M |
| 2022 | 5,458 | $17.9M | $59.5M | $1.3M |
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 |
|---|---|---|---|---|
| WELLMARK | Recordkeeper | $2,605,854 | — | $2,605,854 |
| DELTA DENTAL | Recordkeeper | $150,455 | — | $150,455 |
| SPENCER FANE LLP | ERISA Attorney | $44,144 | — | $44,144 |
| ASSOCIATED BENEFITS CORPORATION | Recordkeeper | $41,456 | — | $41,456 |
| BRAL NIEDERT PRIVATE WEALTH ADVISOR | Investment Advisor | $35,988 | — | $35,988 |
| CBIZ CPAS P.C. | Auditor | $34,503 | — | $34,503 |
| DELOITTE & TOUCHE LLP | Auditor | $24,810 | — | $24,810 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SPENCER FANE LLP — ERISA Attorney
- DELOITTE & TOUCHE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,937,210
- Estimated Expense Ratio: 14.335% 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 | $3,167,624 | $35,988 | $2,797,767 | $59,313 | — |
| 2023 | $3,082,180 | $34,291 | $2,807,561 | $50,750 | — |
| 2022 | $2,733,802 | $20,125 | $2,624,437 | — | $34,565 |