Plan Snapshot
- Plan Sponsor: Heat & Frost Insulators And Allied Workers Local 47 Welfare Fund
- Sponsor EIN: 386058846
- Sponsor Address: 6525 CENTURION DRIVE, LANSING, MI, 489179275
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 242
- Total Assets: $7.3M
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 | 242 | $7.3M | $5.1M | $508,897 |
| 2023 | 185 | $5.6M | $3.2M | $515,505 |
| 2022 | 179 | $5.1M | $2.5M | $480,725 |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF MICHIGAN | Other Service Provider | $239,278 | — | $239,278 |
| TIC INTERNATIONAL | Other Service Provider | $86,492 | — | $86,492 |
| MICHAEL G. BUCK | Other Service Provider | — | $39,756 | $39,756 |
| BENDA, GRACE, STULZ & COMPANY, P.C. | Other Service Provider | $16,400 | — | $16,400 |
| STARK, REAGAN P.C. | Other Service Provider | $13,558 | — | $13,558 |
| UNITED ACTUARIAL SERVICES | Other Service Provider | $11,900 | — | $11,900 |
| MEKETA INVESTMENT GROUP | Other Service Provider | $10,000 | — | $10,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $417,384
- Estimated Expense Ratio: 5.710% 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 | $417,768 | $10,000 | $309,922 | $16,400 | — |
| 2023 | $351,799 | $11,431 | $264,625 | $15,800 | — |
| 2022 | $354,894 | $11,167 | $63,932 | — | $38,012 |