Plan Snapshot
- Plan Sponsor: Trustees Of Michigan Trowel Trades Health And Welfare Fund
- Sponsor EIN: 386238055
- Sponsor Address: 6525 CENTURION DRIVE, LANSING, MI, 48917
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 561
- Total Assets: $10.3M
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 | 561 | $10.3M | $7.9M | $84,964 |
| 2023 | 583 | $9.8M | $8.0M | $65,262 |
| 2022 | 534 | $7.8M | $6.7M | $97,479 |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF MICHIGAN | Other Service Provider | $537,822 | — | $537,822 |
| TIC INTERNATIONAL | Other Service Provider | $126,311 | — | $126,311 |
| MICHAEL G. BUCK | Other Service Provider | — | $66,688 | $66,688 |
| STEFANSKY, HOLLOWAY, NICHOLS, INC. | Other Service Provider | $24,577 | — | $24,577 |
| BENDA, GRACE, STULZ & COMPANY PC | Other Service Provider | $20,650 | — | $20,650 |
| WATKINS, PAWLICK, CALATI & PRIFTI | Other Service Provider | $15,583 | — | $15,583 |
| DETROIT CEMENT MASONS COLLECTIONS | Other Service Provider | $12,029 | — | $12,029 |
| MARQUETTE & ASSOCIATES | Other Service Provider | $5,000 | — | $5,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $808,660
- Estimated Expense Ratio: 7.854% 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 | $762,698 | $8,514 | $657,796 | $20,650 | — |
| 2023 | $732,937 | $7,960 | $610,087 | $18,650 | — |
| 2022 | $694,720 | $7,555 | $112,476 | — | $64,054 |