# Trustees Of Iuoe Local 487 Health & Welfare Trust Fund 401(k) Plan
Source: https://planprovider.pro/companies/trustees-of-iuoe-local-487-health-welfare-trust-fund-596231991-501

> Trustees Of Iuoe Local 487 Health & Welfare Trust Fund's 401(k) plan: 592 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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