Plan Snapshot
- Plan Sponsor: Building Laborers Local 310 Health And Welfare Fund
- Sponsor EIN: 346598327
- Sponsor Address: 3250 EUCLID AVENUE, CLEVELAND, OH, 44115
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,022
- Total Assets: $10.9M
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 | 1,022 | $10.9M | $16.4M | $3.2M |
| 2023 | 1,029 | $10.7M | $15.9M | $3.0M |
| 2022 | 1,121 | $12.2M | $15.6M | $2.8M |
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 |
|---|---|---|---|---|
| MARATHON HEALTH, LLC | Other Service Provider | $811,727 | — | $811,727 |
| ANTHEM BLUE CROSS & BLUE SHIELD | Other Service Provider | $645,626 | — | $645,626 |
| LOCAL 310 FRINGE BENEFIT FUNDS, INC | Recordkeeper | $155,107 | — | $155,107 |
| THE SEGAL COMPANY | Actuary | $127,441 | — | $127,441 |
| EXPRESS SCRIPTS INC. | Other Service Provider | $70,828 | — | $70,828 |
| 7575 NORTHCLIFF LLC | Other Service Provider | $70,290 | — | $70,290 |
| DELTA DENTAL OF OHIO | Other Service Provider | $58,211 | — | $58,211 |
| CENTER FOR FAMILIES AND CHILDREN | Other Service Provider | $36,406 | — | $36,406 |
| SEGAL MARCO ADVISORS, INC. | Other Service Provider | $26,000 | — | $26,000 |
| YURCHYK & DAVIS CPA'S, INC. | Auditor | $23,900 | — | $23,900 |
| TUCKER ARENSBERG ATTORNEYS | ERISA Attorney | $21,054 | — | $21,054 |
| SAV-RX | Other Service Provider | $16,536 | — | $16,536 |
| BOYD WATTERSON ASSET MANAGEMENT | Investment Advisor | $10,631 | — | $10,631 |
| PCORI | Other Service Provider | $9,029 | — | $9,029 |
| NATIONAL VISION ADMINISTRATORS, LLC | Other Service Provider | $8,790 | — | $8,790 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $6,440 | — | $6,440 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,098,016
- Estimated Expense Ratio: 19.264% 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 | $1,297,129 | $26,000 | $155,107 | $23,900 | — |
| 2023 | $1,433,292 | $26,000 | $157,042 | $22,900 | — |
| 2022 | $1,215,147 | $52,279 | $156,068 | — | $193,262 |