Plan Snapshot
- Plan Sponsor: Building Industry Health Plan Of The Red River Valley
- Sponsor EIN: 363729320
- Sponsor Address: 1802 32ND AVE S, FARGO, ND, 581036702
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 2,844
- Total Assets: $28.5M
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 | 2,844 | $28.5M | $40.0M | $0 |
| 2023 | 3,395 | $26.8M | $39.5M | $0 |
| 2022 | 3,276 | $22.7M | $37.9M | $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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF ND | Other Service Provider | $7,004,107 | — | $7,004,107 |
| PRIME THERAPEUTICS | Other Service Provider | — | $229,846 | $229,846 |
| MILLIMAN, INC | Recordkeeper | $119,334 | — | $119,334 |
| OPIOID CLINICAL MANAGEMENT, LLC | Other Service Provider | $107,900 | — | $107,900 |
| NORTH RISK PARTNERS LLC | Other Service Provider | $74,000 | — | $74,000 |
| INVESTMENT CONSULTING SERVICES, LLC | Other Service Provider | $48,125 | — | $48,125 |
| WIDMER ROEL PC | Auditor | $32,623 | — | $32,623 |
| TRAVELERS | Other Service Provider | $16,705 | — | $16,705 |
| ALERUS FINANCIAL | Other Service Provider | $10,000 | — | $10,000 |
| EIDE BAILLY LLP | Auditor | $9,856 | — | $9,856 |
| STINSON LLP | ERISA Attorney | $5,865 | — | $5,865 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN, INC — Recordkeeper
- WIDMER ROEL PC — Auditor
- EIDE BAILLY LLP — Auditor
- STINSON LLP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,658,361
- Estimated Expense Ratio: 26.824% 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 | $3,221,946 | $142,573 | $2,691,766 | — | — |
| 2023 | $4,508,295 | $144,256 | $2,650,437 | — | — |
| 2022 | $2,455,152 | $129,748 | $1,968,170 | — | $46,917 |