Plan Snapshot
- Plan Sponsor: Jt Bd Of Trustees Alabama Laborers Fund
- Sponsor EIN: 237048018
- Sponsor Address: P.O. BOX 1449, GOODLETTSVILLE, TN, 370701449
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 228
- Total Assets: $11.9M
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 | 228 | $11.9M | $2.7M | $1,798 |
| 2023 | 257 | $11.2M | $3.0M | $17,077 |
| 2022 | 338 | $10.2M | $3.7M | $16,110 |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF ALABAMA | Other Service Provider | $167,412 | — | $167,412 |
| SOUTHERN BENEFIT ADMINISTRATORS | Other Service Provider | $96,000 | — | $96,000 |
| WELLS FARGO ADVISORS | Other Service Provider | $22,709 | — | $22,709 |
| BHA CONSULTING LLC | Other Service Provider | $18,978 | — | $18,978 |
| DANIELS, IRWIN & AYLOR | Auditor | $16,175 | — | $16,175 |
| QUINN CONNOR WEAVER DAVIES & ROUCO | Other Service Provider | $12,048 | — | $12,048 |
| PNC BANK | Other Service Provider | $7,474 | — | $7,474 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DANIELS, IRWIN & AYLOR — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $340,796
- Estimated Expense Ratio: 2.863% 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 | $373,513 | $22,709 | $96,000 | $16,175 | — |
| 2023 | $366,388 | $16,924 | $96,000 | $13,700 | — |
| 2022 | $394,246 | $14,148 | $96,000 | — | $33,969 |