# Trustees Of Structural Iron Workers Local 1 Welfare Fund 401(k) Plan
Source: https://planprovider.pro/companies/trustees-of-structural-iron-workers-local-1-welfare-fund-362196735-501

> Trustees Of Structural Iron Workers Local 1 Welfare Fund's 401(k) plan: 1,051 participants, plan year 2024 financials, providers, and benchmarks from Form 55…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/john-hancock) — Recordkeeper

- [LEGACY PROFESSIONALS](https://planprovider.pro/provider/legacy-professionals-llp) — Auditor

- [KINGA PILCH](https://planprovider.pro/provider/john-hancock) — Recordkeeper

- [JOHN GARDINER](https://planprovider.pro/provider/john-hancock) — 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|

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