Plan Snapshot
- Plan Sponsor: Trustees Of The Boilermakers Great Lakes Region Retiree Welfare Plan
- Sponsor EIN: 261936417
- Sponsor Address: 6525 CENTURION DRIVE, LANSING, MI, 489179275
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 2,695
- Total Assets: $16.5M
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 | 2,695 | $16.5M | $781,791 | $0 |
| 2023 | 2,700 | $15.5M | $750,965 | $0 |
| 2022 | 3,125 | $14.8M | $1.0M | $0 |
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 |
|---|---|---|---|---|
| BANK OF LABOR | Other Service Provider | $55,194 | — | $55,194 |
| TIC INTERNATIONAL | Other Service Provider | $38,270 | — | $38,270 |
| BENDA, GRACE, STULZ & COMPANY, P.C. | Other Service Provider | $16,200 | — | $16,200 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $109,664
- Estimated Expense Ratio: 0.666% 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 | $147,863 | — | $35,083 | $16,200 | — |
| 2023 | $116,493 | — | $26,712 | $14,000 | — |
| 2022 | $94,581 | $38,459 | $26,712 | — | $23,065 |