Plan Snapshot
- Plan Sponsor: Memphis Construction Benefit Fund
- Sponsor EIN: 620933920
- Sponsor Address: P.O. BOX 1449, GOODLETTSVILLE, TN, 370701449
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 250
- Total Assets: $7.0M
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 | 250 | $7.0M | $2.6M | $130,877 |
| 2023 | 271 | $7.5M | $2.6M | $127,153 |
| 2022 | 235 | $6.8M | $2.2M | $122,583 |
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 |
|---|---|---|---|---|
| UNITED HEALTHCARE | Other Service Provider | $116,722 | — | $116,722 |
| SOUTHERN BENEFIT ADMINISTRATORS | Other Service Provider | $88,250 | — | $88,250 |
| ATLANTA CAPITAL MANAGEMENT | Other Service Provider | $20,454 | — | $20,454 |
| DANIELS, IRWIN & AYLOR | Auditor | $14,500 | — | $14,500 |
| GODWIN, MORRIS, LAURENZI & BLOOMFIE | Other Service Provider | $8,283 | — | $8,283 |
| VIVEKA HEALTH | Other Service Provider | $6,512 | — | $6,512 |
| FIRST HORIZON BANK | Other Service Provider | $5,565 | — | $5,565 |
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: $260,286
- Estimated Expense Ratio: 3.741% 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 | $286,460 | $20,454 | $68,400 | $14,500 | — |
| 2023 | $275,052 | $19,750 | $68,400 | $18,000 | — |
| 2022 | $266,804 | $17,756 | $68,400 | — | $56,826 |