Plan Snapshot
- Plan Sponsor: Trustees Of Minnesota Cement Masons Health And Welfare Fund
- Sponsor EIN: 416187748
- Sponsor Address: 2520 PILOT KNOB ROAD, SUITE 325, MENDOTA HEIGHTS, MN, 55120
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 820
- Total Assets: $23.7M
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 | 820 | $23.7M | $13.4M | $287,973 |
| 2023 | 854 | $23.4M | $13.1M | $226,772 |
| 2022 | 846 | $22.8M | $12.3M | $259,200 |
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 |
|---|---|---|---|---|
| HEALTHPARTNERS | Other Service Provider | $599,109 | — | $599,109 |
| ZENITH AMERICAN SOLUTIONS | Other Service Provider | $463,975 | — | $463,975 |
| REINHART BOERNER VAN DEUREN | Other Service Provider | $128,278 | — | $128,278 |
| CEMENT MASONS SERVICE CORPORATION | Other Service Provider | $91,647 | — | $91,647 |
| THE SEGAL COMPANY | Other Service Provider | $62,657 | — | $62,657 |
| TEAM | Other Service Provider | $27,063 | — | $27,063 |
| LEGACY PROFESSIONALS LLP | Auditor | $20,000 | — | $20,000 |
| KOVITZ INVESTMENT GROUP PARTNERS | Other Service Provider | $13,023 | — | $13,023 |
| MAIRS & POWER, INC. | Other Service Provider | $12,571 | — | $12,571 |
| PILOT CAPITAL | Other Service Provider | $10,285 | — | $10,285 |
| STANDARD VALUATIONS | Other Service Provider | $8,000 | — | $8,000 |
| UNION BANK & TRUST | ERISA Attorney | $7,660 | — | $7,660 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEGACY PROFESSIONALS LLP — Auditor
- UNION BANK & TRUST — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,444,268
- Estimated Expense Ratio: 6.093% 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 | $725,565 | $43,879 | $389,773 | $20,000 | — |
| 2023 | $652,527 | $43,850 | $394,120 | $19,200 | — |
| 2022 | $577,965 | $56,434 | $292,169 | — | $175,575 |