# Trustees Of Bm Iron Shipbuilders Afl Lodge Local No. 1 Sub Trust Fd Health & Welfare Plan
Source: https://planprovider.pro/companies/trustees-of-bm-iron-shipbuilders-afl-lodge-local-no-1-sub-trust-fd-237046358-501

> Trustees Of Bm Iron Shipbuilders Afl Lodge Local No. 1 Sub Trust Fd's Health & Welfare plan: 309 participants, plan year 2024 financials, providers, and benc…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Trustees Of Bm Iron Shipbuilders Afl Lodge Local No. 1 Sub Trust Fd

- **Sponsor EIN:** 237046358

- **Sponsor Address:** P.O. BOX 6054, ST. CHARLES, IL, 60174

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 309

- **Total Assets:** $11.2M

## 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|309|$11.2M|$784,249|$0|

| 2023|299|$10.4M|$759,168|$0|

| 2022|290|$10.2M|$995,144|$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|

| IBB LOCAL LODGE NO. 1|Other Service Provider|$110,010|—|$110,010|

| C. SNEED|Other Service Provider|$65,609|—|$65,609|

| GREAT LAKES ADVISORS LLC|Other Service Provider|$44,915|—|$44,915|

| PAYCHEX INC|Recordkeeper|$35,926|—|$35,926|

| LEGACY PROFESSIONALS LLP|Auditor|$27,474|—|$27,474|

| BANK OF LABOR|Other Service Provider|$12,953|—|$12,953|

| COMMON ARC|Other Service Provider|$7,733|—|$7,733|

| DOWD, BLOCH, BENNETT, CERVONE, AUER|Other Service Provider|$5,047|—|$5,047|

### Verified Provider Profiles

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

- [PAYCHEX INC](https://planprovider.pro/provider/paychex) — Recordkeeper

- [LEGACY PROFESSIONALS LLP](https://planprovider.pro/provider/legacy-professionals-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $309,667

- **Estimated Expense Ratio:** 2.776% 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|$337,374|$44,915|$1,675|$27,474|—|

| 2023|$351,445|$54,394|$20,100|$23,500|—|

| 2022|$329,924|$53,651|$20,100|—|$30,932|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/trustees-of-bm-iron-shipbuilders-afl-lodge-local-no-1-sub-trust-fd-237046358-501)

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