Plan Snapshot
- Plan Sponsor: Building Industry Insurance Trust
- Sponsor EIN: 616614496
- Sponsor Address: 15375 SE 30TH PL STE 380, BELLEVUE, WA, 980076500
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,593
- Total Assets: $2.3M
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. |
|---|---|---|---|---|
| 2025 | 1,593 | $2.3M | $0 | $0 |
| 2024 | 1,639 | $2.5M | $15.3M | $0 |
| 2023 | 1,715 | $1.8M | $13.8M | $0 |
| 2022 | 1,713 | $1.2M | $11.1M | $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 |
|---|---|---|---|---|
| CAPITAL BENEFIT SERVICES, LLC | Insurance Carrier | $908,355 | — | $908,355 |
| EPK & ASSOCIATES, INC. | Recordkeeper | $385,526 | — | $385,526 |
| FIRST CHOICE HEALTH | Other Service Provider | $28,315 | — | $28,315 |
| SWEENEY CONRAD, P.S. | Other Service Provider | $15,500 | — | $15,500 |
| L/P INSURANCE SERVICES LLC | Insurance Carrier | $5,401 | — | $5,401 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,343,097
- Estimated Expense Ratio: 58.513% 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 |
|---|---|---|---|---|---|
| 2025 | $2,271,782 | — | $113,158 | — | — |
| 2024 | $781,402 | — | $728,186 | $15,500 | — |
| 2023 | $720,448 | — | $674,646 | $14,000 | — |
| 2022 | $598,973 | — | $568,572 | — | $14,331 |