# Iba Group Insurance Trust Health & Welfare Plan
Source: https://planprovider.pro/companies/iba-group-insurance-trust-356259970-501

> Iba Group Insurance Trust's Health & Welfare plan: 1,499 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Iba Group Insurance Trust

- **Sponsor EIN:** 356259970

- **Sponsor Address:** 8425 WOODFIELD CROSSING BOULEVARD, INDIANAPOLIS, IN, 46254

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 1,499

- **Total Assets:** $11.5M

## 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|1,499|$11.5M|$48.5M|$124,937|

| 2023|2,663|$11.2M|$46.0M|$207,124|

| 2022|2,663|$10.9M|$38.9M|$181,143|

## 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|

| UNITED HEALTHCARE SERVICES, INC.|Other Service Provider|$1,517,462|—|$1,517,462|

| NFP CORPORATE SERVICES, INC.|Other Service Provider|$772,835|—|$772,835|

| EXPRESS SCRIPT, INC.|Other Service Provider|$141,995|—|$141,995|

| WELLNESS IQ, INC.|Other Service Provider|$103,933|—|$103,933|

| ALERA GROUP INC DBA VITAL INCITE|Other Service Provider|$80,784|—|$80,784|

| BOSE MCKINNEY & EVANS LLP|ERISA Attorney|$75,000|—|$75,000|

| TAFT STETTINIUS & HOLLISTER LLP|Other Service Provider|$49,098|—|$49,098|

| THE HOWARD E NYHART COMPANY, INC|Other Service Provider|$37,300|—|$37,300|

| BRADY WARE & SCHOENFELD, INC.|Auditor|$23,110|—|$23,110|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [BOSE MCKINNEY & EVANS LLP](https://planprovider.pro/provider/bose-mckinney-and-evans-llp) — ERISA Attorney

- [BRADY WARE & SCHOENFELD, INC.](https://planprovider.pro/provider/brady-ware-and-schoenfeld-inc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $2,801,517

- **Estimated Expense Ratio:** 24.259% 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|$3,756,930|$23,612|$3,508,239|$23,110|—|

| 2023|$3,775,376|$21,333|$3,300,955|$22,420|—|

| 2022|$3,068,469|$20,143|$2,889,326|—|$100,544|

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