Plan Snapshot
- Plan Sponsor: Glazing Employers & Glaziers Union Local No. 27 Welfare Fund
- Sponsor EIN: 366126628
- Sponsor Address: 4225 LAWNDALE AVENUE, LYONS, IL, 60534
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 433
- Total Assets: $29.3M
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. |
|---|---|---|---|---|
| 2024 | 433 | $29.3M | $10.1M | $102,402 |
| 2023 | 479 | $31.2M | $11.7M | $87,776 |
| 2022 | 484 | $31.4M | $12.4M | $123,130 |
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 |
|---|---|---|---|---|
| BLUECROSS BLUESHIELD OF ILLINOIS | Other Service Provider | $596,618 | — | $596,618 |
| ARNOLD & KADJAN | Other Service Provider | $135,082 | — | $135,082 |
| BENEFITS MANAGEMENT GROUP INC | Other Service Provider | $123,420 | — | $123,420 |
| AMALGAMATED BANK | Other Service Provider | $81,711 | — | $81,711 |
| TFBC, INC. | Other Service Provider | $53,373 | — | $53,373 |
| LEGACY PROFESSIONALS LLP | Auditor | $31,500 | — | $31,500 |
| HINSHAW & CULBERTSON | Other Service Provider | $10,000 | — | $10,000 |
| CHEIRON | Other Service Provider | $9,000 | — | $9,000 |
| RICHARD J WOLF | Other Service Provider | $7,815 | — | $7,815 |
| VISION SERVICE PLAN | Other Service Provider | $6,052 | — | $6,052 |
| MARQUETTE ASSOCIATES | Other Service Provider | $6,000 | — | $6,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEGACY PROFESSIONALS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,060,571
- Estimated Expense Ratio: 3.623% 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 | $500,483 | $83,193 | $121,983 | $31,500 | — |
| 2023 | $471,547 | $84,775 | $113,973 | $31,000 | — |
| 2022 | $472,460 | $79,501 | $69,196 | — | $279,115 |