# Iron Workers Local 8 Welfare Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/iron-workers-local-8-welfare-fund-390855190-501

> Iron Workers Local 8 Welfare Fund's Health & Welfare plan: 982 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Iron Workers Local 8 Welfare Fund

- **Sponsor EIN:** 390855190

- **Sponsor Address:** 1520 KENSINGTON ROAD SUITE 200, OAK BROOK, IL, 605232197

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 982

- **Total Assets:** $52.9M

## 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|982|$52.9M|$17.0M|$3.0M|

| 2023|982|$51.2M|$15.6M|$3.1M|

| 2022|897|$47.2M|$13.6M|$3.0M|

## 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|

| ANTHEM BLUE CROSS BLUE SHIELD|Other Service Provider|$494,102|—|$494,102|

| BENEFIT MANAGEMENT GROUP, INC.|Other Service Provider|$453,543|—|$453,543|

| REINHART BOERNER VAN DEUREN S.C.|Other Service Provider|$153,412|—|$153,412|

| THE SEGAL COMPANY|Other Service Provider|$90,670|—|$90,670|

| EMPLOYEE RESOURCE SYSTEMS, INC.|Recordkeeper|$64,488|—|$64,488|

| DELTA DENTAL|Other Service Provider|$46,375|—|$46,375|

| SIKICH CPA LLC|Auditor|$30,275|—|$30,275|

| MARQUETTE ASSOCIATES|Other Service Provider|$22,917|—|$22,917|

| SOMMERS & FAHRENBACH|Other Service Provider|$21,070|—|$21,070|

| AMALGAMATED BANK OF CHICAGO|Other Service Provider|$20,980|—|$20,980|

| COMBINED CRAFTS|Other Service Provider|$16,225|—|$16,225|

| NATIONAL INVESTMENT SERVICES|Other Service Provider|$11,452|—|$11,452|

### Verified Provider Profiles

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

- [EMPLOYEE RESOURCE SYSTEMS, INC.](https://planprovider.pro/provider/employee-fiduciary) — Recordkeeper

- [SIKICH CPA LLC](https://planprovider.pro/provider/sikich-cpa-llc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $1,425,509

- **Estimated Expense Ratio:** 2.692% 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|$922,705|$93,172|$430,803|$30,275|—|

| 2023|$957,912|$92,206|$425,027|$28,560|—|

| 2022|$777,078|$37,609|$421,086|—|$233,930|

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