Plan Snapshot
- Plan Sponsor: Trustees Misc Drivers & Helpers #638 Health, Welfare, Eye & Dental Pla
- Sponsor EIN: 416023675
- Sponsor Address: 3001 METRO DRIVE, SUITE 500, BLOOMINGTON, MN, 55425
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 2,819
- Total Assets: $116.5M
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. |
|---|---|---|---|---|
| 2025 | 2,819 | $116.5M | $0 | $0 |
| 2024 | 2,982 | $110.3M | $78.6M | $2.0M |
| 2023 | 3,122 | $104.6M | $78.4M | $1.9M |
| 2022 | 3,185 | $90.0M | $77.3M | $2.0M |
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 |
|---|---|---|---|---|
| BCBSMN, INC. | Other Service Provider | $1,115,060 | $243,063 | $1,358,123 |
| WILSON-MCSHANE CORPORATION | Other Service Provider | $1,205,584 | — | $1,205,584 |
| COOKE & BIELER | Other Service Provider | $123,544 | — | $123,544 |
| THE SEGAL COMPANY | Other Service Provider | $108,745 | — | $108,745 |
| CBIZ INVESTMENT ADVISORY SERVICES | Other Service Provider | $97,735 | — | $97,735 |
| DELTA DENTAL OF MN | Other Service Provider | $95,915 | — | $95,915 |
| VICTORY CAPITAL MANAGEMENT | Other Service Provider | $80,510 | — | $80,510 |
| OPTUM RX, INC. | Other Service Provider | $35,355 | $41,905 | $77,260 |
| VISION SERVICE PLAN | Other Service Provider | $70,896 | — | $70,896 |
| GLOBALCARE, INC. | Other Service Provider | $64,897 | — | $64,897 |
| ERICKSON, BELL, BECKMAN, & QUINN P. | Other Service Provider | $63,031 | — | $63,031 |
| MN TEAMSTERS SERVICE BUREAU | Other Service Provider | $60,650 | — | $60,650 |
| HIGHLAND CAPITAL MANAGEMENT | Other Service Provider | $56,555 | — | $56,555 |
| MAIRS & POWER, INC. | Other Service Provider | $54,882 | — | $54,882 |
| UNION BANK & TRUST | Other Service Provider | $53,597 | — | $53,597 |
| WCM INVESTMENT MANAGEMENT | Other Service Provider | $36,213 | — | $36,213 |
| REINHART BOERNER VAN DEUREN S.C. | Other Service Provider | $33,717 | — | $33,717 |
| LEGACY PROFESSIONALS LLP | Other Service Provider | $28,500 | — | $28,500 |
| STEVE HAWLEY | Custodian / Trustee | $21,817 | — | $21,817 |
| MARTIN LAWRENCE | Custodian / Trustee | $18,000 | — | $18,000 |
| AL GUDIM | Custodian / Trustee | $9,000 | — | $9,000 |
| LOWELL BIALICK | Custodian / Trustee | $9,000 | — | $9,000 |
| FRSECURE | Other Service Provider | $7,500 | — | $7,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,735,671
- Estimated Expense Ratio: 3.208% 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 |
|---|---|---|---|---|---|
| 2025 | $89,099,220 | $449,439 | $420,000 | $28,500 | — |
| 2024 | $1,317,446 | $410,161 | $401,550 | $27,250 | — |
| 2023 | $1,151,827 | $375,390 | $380,000 | $26,000 | — |
| 2022 | $1,106,711 | $350,321 | $370,000 | — | $245,214 |