Plan Snapshot
- Plan Sponsor: Trustees Of Neca Ibew # 176 Health And Welfare Fund
- Sponsor EIN: 361264190
- Sponsor Address: 1100 N.E. FRONTAGE ROAD, JOLIET, IL, 60431
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 982
- Total Assets: $57.7M
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 | 982 | $57.7M | $30.7M | $515,147 |
| 2023 | 969 | $62.5M | $29.8M | $444,212 |
| 2022 | 994 | $61.4M | $30.8M | $456,735 |
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 |
|---|---|---|---|---|
| MARATHON HEALTH | Other Service Provider | $836,217 | — | $836,217 |
| BLUE CROSS/BLUE SHIELD OF IL | Other Service Provider | $664,157 | — | $664,157 |
| ZENITH ADMINISTRATORS | Other Service Provider | $520,738 | — | $520,738 |
| UNION EYES | Other Service Provider | $468,527 | — | $468,527 |
| LABOR FIRST LLC | Other Service Provider | $281,327 | — | $281,327 |
| ARNOLD & KADJAN | Other Service Provider | $143,133 | — | $143,133 |
| INCOME RESEARCH & MGMT | Other Service Provider | $65,452 | — | $65,452 |
| TFBC | Other Service Provider | $51,349 | — | $51,349 |
| VALENZ CARE | Other Service Provider | $43,645 | — | $43,645 |
| CALIBRE CPA GROUP, PLLC | Auditor | $43,638 | — | $43,638 |
| RICHARD J WOLF & COMPANY | Other Service Provider | $35,573 | — | $35,573 |
| ALL ONE HEALTH | Recordkeeper | $34,141 | — | $34,141 |
| SAV RX | Other Service Provider | $30,289 | — | $30,289 |
| GREENBERG TRAURIG LLP | Other Service Provider | $30,000 | — | $30,000 |
| NATIONAL INVESTMENT SERVICES | Other Service Provider | $25,222 | — | $25,222 |
| DENTAL NETWORK OF AMERICA | Other Service Provider | $18,897 | — | $18,897 |
| LIFESPEAK (ALAVIDA HEALTH) | Other Service Provider | $18,679 | — | $18,679 |
| MARQUETTE AND ASSOCIATES | Other Service Provider | $17,425 | — | $17,425 |
| VISION SERVICE PLAN | Other Service Provider | $17,060 | — | $17,060 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CALIBRE CPA GROUP, PLLC — Auditor
- ALL ONE HEALTH — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,345,469
- Estimated Expense Ratio: 5.798% 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 | $1,050,759 | $108,100 | $520,738 | $43,637 | — |
| 2023 | $1,097,803 | $107,356 | $515,325 | $46,625 | — |
| 2022 | $1,037,947 | $104,883 | $521,996 | — | $352,516 |