Plan Snapshot
- Plan Sponsor: Board Trustees Ibew Local 252 Health & Welfare Trust Fund
- Sponsor EIN: 386141764
- Sponsor Address: 3135 S. STATE ST., STE 105, ANN ARBOR, MI, 48108
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 803
- Total Assets: $10.5M
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 | 803 | $10.5M | $21.2M | $1.4M |
| 2023 | 718 | $8.9M | $16.7M | $1.2M |
| 2022 | 636 | $8.3M | $11.6M | $1.1M |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF MICHIGAN | Other Service Provider | $964,447 | — | $964,447 |
| ANN ARBOR BENEFIT ADMINISTRATORS, I | Other Service Provider | $372,888 | — | $372,888 |
| LAW OFFICE OF THOMAS LUCZAK PLLC | Other Service Provider | $291,442 | $2,768 | $294,210 |
| BANK OF ANN ARBOR | Other Service Provider | $36,775 | $12,975 | $49,750 |
| RBC WEALTH MANAGEMENT | Other Service Provider | $45,000 | — | $45,000 |
| POLK AND ASSOCIATES, P.L.C. | Other Service Provider | $32,820 | — | $32,820 |
| ACCRETIVE GLOBAL INSURANCE SERVICES | Other Service Provider | $10,868 | — | $10,868 |
| CONLIN, MCKENNEY & PHILBRICK, P.C. | Other Service Provider | — | $8,483 | $8,483 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,778,466
- Estimated Expense Ratio: 16.916% 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 | $1,929,277 | $45,001 | $1,311,867 | $32,820 | — |
| 2023 | $1,561,443 | $45,000 | $1,194,225 | $19,520 | — |
| 2022 | $1,404,154 | $73,572 | $1,045,723 | — | $258,985 |