Plan Snapshot
- Plan Sponsor: Duluth Building Trades Health Welfare Fund
- Sponsor EIN: 416025701
- Sponsor Address: 2002 LONDON ROAD, SUITE 300, DULUTH, MN, 55812
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 849
- Total Assets: $35.5M
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 | 849 | $35.5M | $15.7M | $2.5M |
| 2023 | 855 | $35.1M | $15.6M | $2.5M |
| 2022 | 824 | $32.0M | $14.1M | $2.6M |
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 |
|---|---|---|---|---|
| WILSON-MCSHANE | Other Service Provider | $403,153 | — | $403,153 |
| HEALTH GAUGE | Other Service Provider | $180,294 | — | $180,294 |
| STAIRWAY PARTNERS LLC | Other Service Provider | $125,388 | — | $125,388 |
| THE SEGAL COMPANY | Other Service Provider | $103,084 | — | $103,084 |
| ANDREW & BRANSKY P.A. | Other Service Provider | $37,789 | — | $37,789 |
| DELTA DENTAL | Other Service Provider | $29,022 | — | $29,022 |
| TEAM CORPORATION | Other Service Provider | $21,270 | — | $21,270 |
| PRIME THERAPEUTICS | Other Service Provider | $16,035 | — | $16,035 |
| BAUMAN ASSOCIATES, LTD. | Other Service Provider | $14,960 | — | $14,960 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $930,995
- Estimated Expense Ratio: 2.621% 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 | $753,110 | $157,069 | $394,648 | $14,960 | — |
| 2023 | $652,205 | $88,006 | $355,200 | — | — |
| 2022 | $607,677 | $102,092 | $343,200 | — | $124,832 |