# Midwest Construction & Distribution Industry Benefit Trust Health & Welfare Plan
Source: https://planprovider.pro/companies/midwest-construction-distribution-industry-benefit-trust-416175413-501

> Midwest Construction & Distribution Industry Benefit Trust's Health & Welfare plan: 102 participants, plan year 2024 financials, providers, and benchmarks fr…

Form 5500 filing data for plan year 2024.

## 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|

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