Plan Snapshot
- Plan Sponsor: Northern Illinois Welfare Fund
- Sponsor EIN: 204871642
- Sponsor Address: 7431 E STATE ST #258, ROCKFORD, IL, 61108
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,801
- Total Assets: $3.6M
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 | 1,801 | $3.6M | $1.7M | $0 |
| 2023 | 1,977 | $3.8M | $1.7M | $0 |
| 2022 | 1,826 | $3.6M | $1.8M | $0 |
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 |
|---|---|---|---|---|
| INCENTISURE INC. | Other Service Provider | $36,000 | — | $36,000 |
| WIPFLI LLP | Auditor | $17,000 | — | $17,000 |
| PERSHING ADVISOR SOLUTIONS LLC | Other Service Provider | $13,403 | — | $13,403 |
| CAVANAGH O'HARA LLP | Other Service Provider | $12,558 | — | $12,558 |
| RISK & REGULATORY CONSULTING LLC | Other Service Provider | $12,100 | — | $12,100 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WIPFLI LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,061
- Estimated Expense Ratio: 2.525% 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 | $99,398 | $13,969 | $36,000 | $17,000 | — |
| 2023 | $77,373 | — | $36,000 | $16,950 | — |
| 2022 | $70,767 | — | $36,000 | — | $26,900 |