Plan Snapshot
- Plan Sponsor: Trustees Of Iuoe Local 487 Health & Welfare Trust Fund
- Sponsor EIN: 596231991
- Sponsor Address: 911 RIDGEBROOK RD, SPARKS, MD, 21152
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 592
- Total Assets: $4.7M
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 | 592 | $4.7M | $11.2M | $56,439 |
| 2023 | 586 | $4.0M | $11.2M | $56,357 |
| 2022 | 585 | $4.4M | $11.0M | $62,893 |
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 |
|---|---|---|---|---|
| BROWN & BROWN | Other Service Provider | $249,140 | — | $249,140 |
| ASSOCIATED ADMINISTRATORS, LLC | Other Service Provider | $141,789 | — | $141,789 |
| THE SEGAL COMPANY | Other Service Provider | $43,000 | — | $43,000 |
| BELLOWS ASSOCIATES, P.A. | Other Service Provider | $22,159 | — | $22,159 |
| PHILLIPS, RICHARD & RIND P.A. | Other Service Provider | $16,786 | — | $16,786 |
| UNITED MEMBERS INSURANCE, INC. | Other Service Provider | $9,376 | — | $9,376 |
| LWM ADVISORY SERVICES, LLC. | Other Service Provider | $5,600 | — | $5,600 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $487,850
- Estimated Expense Ratio: 10.452% 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 | $250,334 | $5,600 | $141,789 | $22,159 | — |
| 2023 | $220,722 | $1,759 | $135,036 | $3,248 | — |
| 2022 | $253,613 | — | $128,607 | — | $105,735 |