Plan Snapshot
- Plan Sponsor: Trustees Of Ibew 292 Health Care Plan
- Sponsor EIN: 411384754
- Sponsor Address: 6700 W. BROADWAY AVENUE, SUITE B, BROOKLYN PARK, MN, 55428
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 3,561
- Total Assets: $215.8M
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 | 3,561 | $215.8M | $70.7M | $5.7M |
| 2023 | 3,342 | $200.5M | $67.4M | $5.3M |
| 2022 | 3,061 | $187.7M | $63.5M | $5.0M |
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 |
|---|---|---|---|---|
| UNITED HEALTHCARE INSURANCE COMPANY | Other Service Provider | $1,420,558 | $21,815 | $1,442,373 |
| DDMN ASO, LLC | Other Service Provider | $270,486 | — | $270,486 |
| TEAM LLC | Other Service Provider | $267,296 | — | $267,296 |
| CARLA GRUETZMACHER | Other Service Provider | $216,756 | — | $216,756 |
| SHUMAKER, LOOP & KENDRICK, LLP | Other Service Provider | $193,094 | — | $193,094 |
| ANN KELLEN | Other Service Provider | $184,214 | — | $184,214 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $168,877 | — | $168,877 |
| MEGAN ESPEDAL | Other Service Provider | $123,931 | — | $123,931 |
| UNITED ACTUARIAL SERVICES | Other Service Provider | $115,959 | — | $115,959 |
| WENDEE LOCK | Other Service Provider | $115,123 | — | $115,123 |
| SHARON HAFERKORN | Other Service Provider | $112,712 | — | $112,712 |
| MOLLY KNIEFEL | Other Service Provider | $109,484 | — | $109,484 |
| JAEL LANG | Other Service Provider | $94,287 | — | $94,287 |
| DORENE MARTINEAU | Other Service Provider | $89,529 | — | $89,529 |
| STEPHANIE COLBURN | Other Service Provider | $88,028 | — | $88,028 |
| ASHLEY JEFFERSON | Other Service Provider | $85,587 | — | $85,587 |
| ASMED HEALTH, LLC | Other Service Provider | $80,982 | — | $80,982 |
| TIERRA CROMWELL | Other Service Provider | $77,784 | — | $77,784 |
| SAV-RX PRESCRIPTION SERVICES | Other Service Provider | $74,661 | — | $74,661 |
| GALLIARD CAPITAL MANAGEMENT, LLC | Other Service Provider | $72,033 | — | $72,033 |
| KIMBERLY ODENBRETT | Other Service Provider | $70,163 | — | $70,163 |
| UNION BANK & TRUST COMPANY | ERISA Attorney | $64,897 | — | $64,897 |
| VISION SERVICE PLAN | Other Service Provider | $54,300 | — | $54,300 |
| PITNEY BOWES | Other Service Provider | $49,702 | — | $49,702 |
| LEGACY PROFESSIONALS LLP | Auditor | $35,278 | — | $35,278 |
| IBEW 292 BUILDING CORPORATION | Other Service Provider | $29,249 | — | $29,249 |
| LOOMIS SAYLES TRUST COMPANY | Other Service Provider | $27,661 | — | $27,661 |
| NOLOGY NETWORKS | Other Service Provider | $26,189 | — | $26,189 |
| CORVEL HEALTHCARE CORPORATION | Other Service Provider | $18,178 | — | $18,178 |
| WILSON MCSHANE CORPORATION | Other Service Provider | $17,965 | — | $17,965 |
| SEGAL MARCO ADVISORS | Other Service Provider | $15,000 | — | $15,000 |
| ARBOR RIDGE LLC | Other Service Provider | $14,817 | — | $14,817 |
| FR SECURE LLC | Other Service Provider | $13,780 | — | $13,780 |
| US BANK FINANCE | Recordkeeper | $11,905 | — | $11,905 |
| HONSA-BINDER PRINTING INC. | Other Service Provider | $6,066 | — | $6,066 |
| SYSTEM DESIGNS | Other Service Provider | $5,700 | — | $5,700 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UNION BANK & TRUST COMPANY — ERISA Attorney
- LEGACY PROFESSIONALS LLP — Auditor
- US BANK FINANCE — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,444,046
- Estimated Expense Ratio: 2.059% 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 | $2,105,240 | $122,476 | — | $35,278 | — |
| 2023 | $2,310,942 | $142,402 | — | $34,251 | — |
| 2022 | $1,713,180 | $176,594 | — | — | $639,873 |