Plan Snapshot
- Plan Sponsor: Trustees Of Electrical Workers Health And Welfare Fund
- Sponsor EIN: 416024782
- Sponsor Address: 2002 LONDON ROAD, ROOM 300, DULUTH, MN, 55812
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 719
- Total Assets: $22.7M
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 | 719 | $22.7M | $17.7M | $2.2M |
| 2023 | 729 | $24.3M | $19.2M | $2.1M |
| 2022 | 770 | $26.4M | $22.5M | $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 |
|---|---|---|---|---|
| WILSON-MCSHANE CORPORATION | Other Service Provider | $281,460 | — | $281,460 |
| BCBSMN, INC. | Other Service Provider | $248,877 | $24,751 | $273,628 |
| PRIME THERAPEUTICS | Other Service Provider | $45,983 | $85,402 | $131,385 |
| ANDREW, BRANSKY, & POOLE, P.A. | Other Service Provider | $42,220 | — | $42,220 |
| WELLS FARGO | Other Service Provider | $32,981 | — | $32,981 |
| LEGACY PROFESSIONALS LLP | Auditor | $20,151 | — | $20,151 |
| UNITED ACTUARIAL SERVICES, INC. | Other Service Provider | $10,400 | — | $10,400 |
| TRANSAMERICA RETIREMENT SOLUTIONS | Recordkeeper | $7,569 | — | $7,569 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEGACY PROFESSIONALS LLP — Auditor
- TRANSAMERICA RETIREMENT SOLUTIONS — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $799,794
- Estimated Expense Ratio: 3.516% 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 | $426,845 | — | $276,000 | $20,151 | — |
| 2023 | $367,347 | $6,955 | $268,800 | $19,140 | — |
| 2022 | $346,468 | $8,028 | $261,000 | — | $56,461 |