Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees Of Bac Local 23 North Shore Chapter
- Sponsor EIN: 621523674
- Sponsor Address: 9525 SWEET VALLEY DRIVE, VALLEY VIEW, OH, 44125
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 556
- Total Assets: $16.4M
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 | 556 | $16.4M | $8.3M | $120,995 |
| 2023 | 535 | $14.1M | $7.4M | $97,630 |
| 2022 | 551 | $12.8M | $7.5M | $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 |
|---|---|---|---|---|
| MEDICAL MUTUAL OF OHIO | Other Service Provider | $250,529 | — | $250,529 |
| THE JAMES B OSWALD COMPANY | Other Service Provider | $81,955 | — | $81,955 |
| LAUREL NIELSEN | Other Service Provider | $36,006 | — | $36,006 |
| FAULKNER, HOFFMAN AND PHILLIPS | Other Service Provider | $33,973 | — | $33,973 |
| ERICA KAWCZYNSKI | Other Service Provider | $33,172 | — | $33,172 |
| DGPERRY, PLLC | Auditor | $31,881 | — | $31,881 |
| DENNIS RAHE | Other Service Provider | $30,674 | — | $30,674 |
| BENESYS | Other Service Provider | $27,932 | — | $27,932 |
| HORIZON ACTUARIAL SERVICES, LLC | Other Service Provider | $14,000 | — | $14,000 |
| SEGAL MARCO ADVISORS | Other Service Provider | $14,000 | — | $14,000 |
| BRICKLAYERS ALLIED CRAFTWORKERS | Other Service Provider | $10,100 | — | $10,100 |
| FIFTH THIRD | Other Service Provider | $7,500 | — | $7,500 |
| THE UNION LABOR LIFE INSURANCE | Recordkeeper | $5,211 | — | $5,211 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DGPERRY, PLLC — Auditor
- THE UNION LABOR LIFE INSURANCE — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $576,933
- Estimated Expense Ratio: 3.522% 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 | $604,260 | $23,486 | $250,529 | $32,563 | — |
| 2023 | $553,743 | $21,750 | $245,261 | $32,026 | — |
| 2022 | $543,365 | $21,885 | — | — | $138,721 |