Plan Snapshot
- Plan Sponsor: Joint Bd Of Seiu Local 1 And Participating Employers
- Sponsor EIN: 363245901
- Sponsor Address: P.O. BOX 577517, CHICAGO, IL, 60657
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 45
- Total Assets: $451,229
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. |
|---|---|---|---|---|
| 2025 | 45 | $451,229 | $0 | $0 |
| 2024 | 47 | $445,995 | $770,123 | $17,180 |
| 2023 | 45 | $457,663 | $754,588 | $38,321 |
| 2022 | 49 | $452,424 | $779,479 | $0 |
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 |
|---|---|---|---|---|
| KATHY KRUEGER | Recordkeeper | $69,721 | — | $69,721 |
| LEGACY PROFESSIONALS LLP | Other Service Provider | $14,500 | — | $14,500 |
| CHARLES BRIDGEMON | Custodian / Trustee | $5,112 | — | $5,112 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $89,333
- Estimated Expense Ratio: 19.798% 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 |
|---|---|---|---|---|---|
| 2025 | $835,179 | — | $62,500 | $14,500 | — |
| 2024 | $105,519 | — | $59,962 | $14,000 | — |
| 2023 | $106,881 | — | $59,117 | $13,500 | — |
| 2022 | $93,331 | — | $59,117 | — | $10,600 |