# Building Industry Health Plan Of The Red River Valley Health & Welfare Plan
Source: https://planprovider.pro/companies/building-industry-health-plan-of-the-red-river-valley-363729320-501

> Building Industry Health Plan Of The Red River Valley's Health & Welfare plan: 2,844 participants, plan year 2024 financials, providers, and benchmarks from…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/milliman) — Recordkeeper

- [WIDMER ROEL PC](https://planprovider.pro/provider/widmer-roel-pc) — Auditor

- [EIDE BAILLY LLP](https://planprovider.pro/provider/eide-bailly-llp) — Auditor

- [STINSON LLP](https://planprovider.pro/provider/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|

## Similar Plans

- [Enclave Construction, LLC](https://planprovider.pro/companies/enclave-construction-llc-401k-plan) — 165 participants

- [Pg Nterprises INC.](https://planprovider.pro/companies/pg-nterprises-inc-932974943-001) — 2 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/building-industry-health-plan-of-the-red-river-valley-363729320-501)

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