Plan Snapshot
- Plan Sponsor: The Board Of Trustees Of Central Laborers' Welfare Fund
- Sponsor EIN: 376058345
- Sponsor Address: P.O. BOX 1267, JACKSONVILLE, IL, 62651
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,994
- Total Assets: $41.6M
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 | 1,994 | $41.6M | $25.4M | $927,138 |
| 2023 | 1,754 | $39.6M | $21.8M | $985,098 |
| 2022 | 1,635 | $36.9M | $18.3M | $1.1M |
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 |
|---|---|---|---|---|
| CENTRAL LABORERS PENSION FUND | Recordkeeper | $1,783,226 | — | $1,783,226 |
| MIDWEST REG LAB HEALTH & SAFETY | Other Service Provider | $163,609 | — | $163,609 |
| UCS HOLDINGS, INC DBA VALENZ CARE | Other Service Provider | $146,633 | — | $146,633 |
| BEACON TECHNOLOGIES GROUP INC | Other Service Provider | $130,090 | — | $130,090 |
| SEGAL COMPANY | Other Service Provider | $111,733 | — | $111,733 |
| MULTIPLAN SERVICES CORP | Other Service Provider | $65,356 | — | $65,356 |
| HEALTHLINK | Other Service Provider | $41,997 | — | $41,997 |
| CAVANAGH & O'HARA LLP | Other Service Provider | $34,138 | — | $34,138 |
| ROMOLO & ASSOCIATES, LLC | Other Service Provider | $24,675 | — | $24,675 |
| CVS PHARMACY, INC | Other Service Provider | $11,108 | — | $11,108 |
| ZUMBAHLEN, EYTH, SURRATT, FOOTE & F | Other Service Provider | $6,769 | — | $6,769 |
| MARQUETTE ASSOCIATES | Other Service Provider | $5,500 | — | $5,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CENTRAL LABORERS PENSION FUND — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,524,834
- Estimated Expense Ratio: 6.073% 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 | $2,518,646 | $5,500 | $1,783,226 | $24,675 | — |
| 2023 | $2,416,359 | $22,315 | $1,668,292 | $24,675 | — |
| 2022 | $2,284,013 | $23,592 | $1,668,465 | — | $182,951 |