Plan Snapshot
- Plan Sponsor: Trustees Of Iron Workers' Tri-State Welfare Plan
- Sponsor EIN: 366599036
- Sponsor Address: 20 N. MARTINGALE ROAD, SCHAUMBURG, IL, 60173
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,135
- Total Assets: $70.6M
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. |
|---|---|---|---|---|
| 2025 | 1,135 | $70.6M | $0 | $0 |
| 2024 | 1,105 | $66.5M | $24.6M | $784,173 |
| 2023 | 1,083 | $66.2M | $22.8M | $642,402 |
| 2022 | 1,163 | $64.5M | $23.8M | $827,489 |
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 |
|---|---|---|---|---|
| GROUP ADMINISTRATORS, LTD. | Other Service Provider | $605,736 | — | $605,736 |
| BLUE CROSS BLUE SHIELD OF ILLINOIS | Other Service Provider | $516,535 | — | $516,535 |
| MACNELL ACCOUNTING & CONSULTING LLP | Other Service Provider | $173,268 | — | $173,268 |
| FOSTER AND FOSTER INC | Other Service Provider | $150,127 | — | $150,127 |
| MCGANN KETTERMAN AND RIOUX, LTD | Other Service Provider | $98,782 | — | $98,782 |
| SEGAL MARCO ADVISORS | Other Service Provider | $75,000 | — | $75,000 |
| AMERICAN REALTY ADVISORS | Other Service Provider | $69,276 | — | $69,276 |
| LEGACY PROFESSIONALS LLP | Other Service Provider | $65,000 | — | $65,000 |
| EXPRESS SCRIPTS, INC. | Other Service Provider | $58,851 | — | $58,851 |
| SEGAL SELECT INS. SERVICES, INC. | Other Service Provider | $30,733 | $3,987 | $34,720 |
| AMALGAMATED BANK OF CHICAGO | Other Service Provider | $17,813 | — | $17,813 |
| MITCH HARVEY | Custodian / Trustee | $9,798 | — | $9,798 |
| CARLA JOCKSICH | Custodian / Trustee | $9,425 | — | $9,425 |
| HINES & ASSOCIATES, INC. | Other Service Provider | $7,146 | — | $7,146 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,891,477
- Estimated Expense Ratio: 2.681% 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 | $31,040,271 | $148,804 | $491,862 | $65,000 | — |
| 2024 | $1,322,623 | $157,773 | $459,141 | $65,000 | — |
| 2023 | $1,302,613 | $166,803 | $462,109 | $65,000 | — |
| 2022 | $1,206,901 | $208,238 | $450,297 | — | $463,642 |