# Northern Illinois Welfare Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/northern-illinois-welfare-fund-204871642-501

> Northern Illinois Welfare Fund's Health & Welfare plan: 1,801 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/northern-illinois-welfare-fund-204871642-501)

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