Plan Snapshot
- Plan Sponsor: Trustees Of Local 309 Electrical Health And Welfare Fund
- Sponsor EIN: 376039515
- Sponsor Address: 2000A MALL STREET, STE A, COLLINSVILLE, IL, 62234
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 692
- Total Assets: $26.8M
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 | 692 | $26.8M | $9.9M | $1.5M |
| 2023 | 647 | $25.5M | $10.4M | $1.4M |
| 2022 | 636 | $23.8M | $9.1M | $1.5M |
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 |
|---|---|---|---|---|
| MERITAIN HEALTH | Other Service Provider | $370,087 | — | $370,087 |
| LABOR FIRST, LLC | Other Service Provider | $116,601 | — | $116,601 |
| BYRNE SOFTWARE TECHNOLOGIES, INC. | Other Service Provider | $67,838 | — | $67,838 |
| SCHUCHAT, COOK, & WERNER | ERISA Attorney | $51,848 | — | $51,848 |
| SCHEFFEL BOYLE | Other Service Provider | $37,300 | — | $37,300 |
| SYSTEMS DESIGN ASSOCIATES | Other Service Provider | $35,623 | — | $35,623 |
| BURR OAK CONSULTING | Other Service Provider | $30,571 | — | $30,571 |
| MERCY MANAGED BEHAVIORAL HEALTH | Other Service Provider | $29,807 | — | $29,807 |
| MERRILL | Other Service Provider | $23,380 | — | $23,380 |
| MONETARY MANAGEMENT GROUP INC | Other Service Provider | $12,119 | — | $12,119 |
| MILLIMAN USA | Recordkeeper | $7,000 | — | $7,000 |
| PNC BANK | Other Service Provider | $6,500 | — | $6,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHUCHAT, COOK, & WERNER — ERISA Attorney
- MILLIMAN USA — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $788,674
- Estimated Expense Ratio: 2.941% 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 | $697,038 | $18,619 | — | $37,300 | — |
| 2023 | $597,759 | $18,961 | — | $40,290 | — |
| 2022 | $565,518 | $19,240 | — | — | $133,445 |