Plan Snapshot
- Plan Sponsor: Joint Board Of U.A. Local 85 Unemployment Benefit Fund
- Sponsor EIN: 383296939
- Sponsor Address: 700 TOWER DRIVE, SUITE 300, TROY, MI, 48098
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 997
- Total Assets: $2.6M
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 | 997 | $2.6M | $538,876 | $0 |
| 2023 | 729 | $2.1M | $424,576 | $0 |
| 2022 | 726 | $1.7M | $398,402 | $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 | $9,000 | — | $9,000 |
| NOVARA LAW GROUP PLLC | Other Service Provider | $8,830 | — | $8,830 |
| BENESYS, INC. | Other Service Provider | $6,820 | — | $6,820 |
| REIMOLD PRINTING | Other Service Provider | $6,417 | — | $6,417 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,067
- Estimated Expense Ratio: 1.199% 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 | $43,924 | $775 | $10,489 | $11,173 | — |
| 2023 | $43,702 | $4,016 | $6,395 | $9,150 | — |
| 2022 | $45,751 | $7,853 | $7,113 | — | $16,722 |