# Building Industry Insurance Trust Health & Welfare Plan
Source: https://planprovider.pro/companies/building-industry-insurance-trust-616614496-501

> Building Industry Insurance Trust's Health & Welfare plan: 1,593 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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