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: Health & Welfare
- Plan Number: 502
- Total Participants: 1,890
- Total Assets: $588,264
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 | 1,890 | $588,264 | $0 | $2.4M |
| 2023 | 1,864 | $425,239 | $0 | $2.5M |
| 2022 | 2,322 | $410,391 | $0 | $2.4M |
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 |
|---|---|---|---|---|
| CBIZ CPAS P.C. | Auditor | $18,025 | — | $18,025 |
| WELLS FARGO BANK, N.A. | Custodian / Trustee | $9,392 | — | $9,392 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $27,417
- Estimated Expense Ratio: 4.661% 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 | $30,727 | — | — | $21,335 | — |
| 2023 | $36,545 | — | — | $20,790 | — |
| 2022 | $28,800 | — | — | — | $11,350 |