Plan Snapshot
- Plan Sponsor: Trustees Of Structural Iron Workers Local 1 Welfare Fund
- Sponsor EIN: 362196735
- Sponsor Address: 7700 INDUSTRIAL DRIVE, FOREST PARK, IL, 601302520
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,051
- Total Assets: $51.0M
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 | 1,051 | $51.0M | $31.2M | $1.8M |
| 2023 | 1,156 | $51.6M | $31.8M | $1.8M |
| 2022 | 1,219 | $50.9M | $31.8M | $1.6M |
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 ILLINOIS | Other Service Provider | $669,160 | — | $669,160 |
| GROUP ADMINISTRATORS, LTD | Other Service Provider | $410,000 | — | $410,000 |
| EXPRESS SCRIPTS | Other Service Provider | $240,523 | — | $240,523 |
| JOHNSON & KROL | Other Service Provider | $132,253 | — | $132,253 |
| REMEDY ANALYTICS | Other Service Provider | $120,000 | — | $120,000 |
| CARI SONNEFELDT | Recordkeeper | $98,553 | — | $98,553 |
| FOSTER & FOSTER | Other Service Provider | $72,487 | — | $72,487 |
| LEGACY PROFESSIONALS | Auditor | $69,129 | — | $69,129 |
| NATIONAL INVESTMENT SERVICES | Other Service Provider | $60,376 | — | $60,376 |
| KINGA PILCH | Recordkeeper | $39,192 | — | $39,192 |
| JOHN GARDINER | Recordkeeper | $37,600 | — | $37,600 |
| TELUS HEALTH | Other Service Provider | $32,666 | — | $32,666 |
| DELTA DENTAL | Other Service Provider | $24,739 | — | $24,739 |
| VISION SERVICE PLAN | Other Service Provider | $22,330 | — | $22,330 |
| MARQUETTE CONSULTING | Other Service Provider | $10,000 | — | $10,000 |
| INTERACTIVE HEALTH BENEFITS/ACA TR. | Other Service Provider | $5,712 | — | $5,712 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CARI SONNEFELDT — Recordkeeper
- LEGACY PROFESSIONALS — Auditor
- KINGA PILCH — Recordkeeper
- JOHN GARDINER — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,044,720
- Estimated Expense Ratio: 4.007% 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 | $798,464 | $118,756 | — | $30,000 | — |
| 2023 | $784,061 | $140,163 | — | $28,000 | — |
| 2022 | $774,310 | $130,410 | $165,155 | — | $391,089 |