Plan Snapshot
- Plan Sponsor: Board Of Trustees U.A. Local Union No. 125 Health And Welfare Fund
- Sponsor EIN: 426247352
- Sponsor Address: 5001 J STREET W, CEDAR RAPIDS, IA, 52404
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 987
- 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 | 987 | $53.4M | $20.3M | $637,321 |
| 2023 | 960 | $46.4M | $19.9M | $563,609 |
| 2022 | 899 | $38.7M | $18.8M | $614,399 |
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 |
|---|---|---|---|---|
| AETNA LIFE INSURANCE COMPANY | Other Service Provider | $379,155 | — | $379,155 |
| EASTERN IOWA FRINGE BENEFITS FUNDS | Recordkeeper | $362,160 | — | $362,160 |
| REINHART BOERNER VAN DEUREN, S.C. | Other Service Provider | $159,612 | — | $159,612 |
| CLIFTONLARSONALLEN LLP | Auditor | $87,687 | — | $87,687 |
| UNITED ACTUARIAL SERVICES INC. | Other Service Provider | $66,844 | — | $66,844 |
| EXPRESS SCRIPTS, INC | Other Service Provider | $59,460 | — | $59,460 |
| MEKETA INVESTMENT GROUP, INC. | Other Service Provider | $28,625 | — | $28,625 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $8,914 | — | $8,914 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,152,457
- Estimated Expense Ratio: 2.158% 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 | $1,642,898 | $28,625 | $451,428 | $87,687 | — |
| 2023 | $1,372,301 | $24,000 | $422,464 | $73,485 | — |
| 2022 | $1,330,560 | $24,000 | $322,629 | — | $320,837 |