# Nd Rec Benefit Trust Health & Welfare Plan
Source: https://planprovider.pro/companies/nd-rec-benefit-trust-475256219-501

> Nd Rec Benefit Trust's Health & Welfare plan: 1,020 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Nd Rec Benefit Trust

- **Sponsor EIN:** 475256219

- **Sponsor Address:** 3201 NYGREN DR NW, MANDAN, ND, 58554

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 1,020

- **Total Assets:** $11.0M

## 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|1,020|$11.0M|$0|$19.7M|

| 2023|1,004|$9.5M|$0|$19.1M|

| 2022|1,002|$8.0M|$0|$17.9M|

## 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 ND|Other Service Provider|$975,548|—|$975,548|

| ND ASSOCIATION OF RURAL ELECTRIC CO|Other Service Provider|$139,385|—|$139,385|

| BROWN & BROWN|Other Service Provider|$112,083|—|$112,083|

| PRIME THERAPEUTICS|Other Service Provider|—|$108,910|$108,910|

| EIDE BAILLY LLP|Auditor|$18,033|—|$18,033|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [EIDE BAILLY LLP](https://planprovider.pro/provider/eide-bailly-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $1,353,959

- **Estimated Expense Ratio:** 12.326% 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|$1,278,484|—|$1,114,933|$14,200|—|

| 2023|$1,208,924|—|$1,054,908|$13,400|—|

| 2022|$1,169,182|—|$1,013,838|—|$133,217|

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