Plan Snapshot
- Plan Sponsor: Midwest Construction & Distribution Industry Benefit Trust
- Sponsor EIN: 416175413
- Sponsor Address: 2919 EAGANDALE BLVD SUITE 120, EAGAN, MN, 55121
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 102
- Total Assets: $4.4M
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 | 102 | $4.4M | $1.7M | $589 |
| 2023 | 110 | $4.3M | $1.7M | $343 |
| 2022 | 106 | $4.4M | $1.9M | $737 |
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 |
|---|---|---|---|---|
| FORMULA CORPORATION | Other Service Provider | $78,375 | — | $78,375 |
| BLUE CROSS AND BLUE SHIELD | Other Service Provider | $39,758 | $3,353 | $43,111 |
| SUPERIOR BENEFIT ADVISORS LLC | Other Service Provider | $30,000 | — | $30,000 |
| BETTS & HAYES LTD | Other Service Provider | $15,900 | — | $15,900 |
| PRIME THERAPEUTICS | Other Service Provider | — | $11,834 | $11,834 |
| NYHART COMPANY INCORPORATED | Other Service Provider | $5,000 | — | $5,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $184,220
- Estimated Expense Ratio: 4.172% 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 | $179,937 | — | $78,375 | $15,900 | — |
| 2023 | $172,912 | — | $78,375 | $16,639 | — |
| 2022 | $169,128 | — | $78,375 | — | $48,112 |