Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees Bac Local 2 Holiday Fund
- Sponsor EIN: 382105545
- Sponsor Address: P.O. BOX 4506, TROY, MI, 480994506
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,901
- Total Assets: $2.5M
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 | 1,901 | $2.5M | $3.7M | $0 |
| 2023 | 1,654 | $2.3M | $3.5M | $0 |
| 2022 | 1,597 | $1.7M | $3.4M | $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 |
|---|---|---|---|---|
| BULTYNCK & CO., PLLC | Other Service Provider | $13,115 | — | $13,115 |
| BENESYS, INC. | Other Service Provider | $10,094 | — | $10,094 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,209
- Estimated Expense Ratio: 0.924% 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 | $65,042 | $1,675 | $8,400 | $13,115 | — |
| 2023 | $42,407 | $1,424 | $8,400 | $6,275 | — |
| 2022 | $59,291 | $1,381 | $8,400 | — | $13,769 |