Plan Snapshot
- Plan Sponsor: Boilermakers Lodge No. 154 Welfare Fund
- Sponsor EIN: 256036558
- Sponsor Address: 3001 METRO DR, STE 500, BLOOMINGTON, MN, 554251617
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,682
- Total Assets: $13.3M
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 | 1,682 | $13.3M | $1.5M | $0 |
| 2023 | 1,872 | $12.7M | $1.3M | $0 |
| 2022 | 3,534 | $12.4M | $1.7M | $0 |
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 |
|---|---|---|---|---|
| WILSON-MCSHANE CORPORATION | Other Service Provider | $215,500 | — | $215,500 |
| WEX HEALTH | Other Service Provider | $28,052 | — | $28,052 |
| PACKER THOMAS | Auditor | $21,739 | — | $21,739 |
| BOYD WATTERSON | Other Service Provider | $19,724 | — | $19,724 |
| MEYER UNKOVIC & SCOTT | ERISA Attorney | $14,132 | — | $14,132 |
| CAP FINANCIAL PARTNERS LLC DBA CAPT | Other Service Provider | $10,000 | — | $10,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PACKER THOMAS — Auditor
- MEYER UNKOVIC & SCOTT — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $309,147
- Estimated Expense Ratio: 2.329% 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 | $311,278 | $33,916 | $202,664 | $21,739 | — |
| 2023 | $327,983 | $31,908 | $187,880 | $22,601 | — |
| 2022 | $365,378 | $41,906 | $202,000 | — | $36,603 |