Plan Snapshot
- Plan Sponsor: Board Of Trustees Railroad Maintenance & Industrial Health & Welfare F
- Sponsor EIN: 371023648
- Sponsor Address: 2725 WEST MONROE STREET, SPRINGFIELD, IL, 62704
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,258
- Total Assets: $53.4M
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 | 1,258 | $53.4M | $25.1M | $184,775 |
| 2023 | 1,348 | $45.4M | $24.7M | $175,705 |
| 2022 | 1,470 | $35.6M | $23.3M | $123,304 |
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 | $705,398 | $7,604 | $713,002 |
| EMPLOYEE 3 | Recordkeeper | $250,335 | — | $250,335 |
| EMPLOYEE 4 | Recordkeeper | $105,908 | — | $105,908 |
| CAVANAGH & O'HARA LLP | Other Service Provider | $104,079 | — | $104,079 |
| EMPLOYEE 5 | Recordkeeper | $102,115 | — | $102,115 |
| EMPLOYEE 2 | Recordkeeper | $101,264 | — | $101,264 |
| SAV RX | Other Service Provider | $87,538 | — | $87,538 |
| EMPLOYEE 6 | Recordkeeper | $79,971 | — | $79,971 |
| EMPLOYEE 1 | Recordkeeper | $79,594 | — | $79,594 |
| MIDWEST REGION HEALTH & SAFETY | Other Service Provider | $60,630 | — | $60,630 |
| ROMOLO & ASSOCIATES, LLC | Other Service Provider | $54,227 | — | $54,227 |
| SYSTEMS DESIGN ASSOCIATES | Other Service Provider | $52,054 | — | $52,054 |
| SOUTHERN BENEFIT ADM | Other Service Provider | $45,066 | — | $45,066 |
| AMERICAN REALTY ADVISORS | Other Service Provider | $27,271 | — | $27,271 |
| GREEN LIGHT | Other Service Provider | $15,966 | — | $15,966 |
| MARQUETTE ASSOCIATES | Other Service Provider | $11,400 | — | $11,400 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EMPLOYEE 3 — Recordkeeper
- EMPLOYEE 4 — Recordkeeper
- EMPLOYEE 5 — Recordkeeper
- EMPLOYEE 2 — Recordkeeper
- EMPLOYEE 6 — Recordkeeper
- EMPLOYEE 1 — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,890,420
- Estimated Expense Ratio: 3.542% 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 | $1,462,851 | $11,400 | — | $24,000 | — |
| 2023 | $1,289,586 | $11,400 | — | $24,000 | — |
| 2022 | $1,281,702 | $52,888 | — | — | $203,010 |