Plan Snapshot
- Plan Sponsor: U.A. Local 160 Health & Welfare Plan
- Sponsor EIN: 376134925
- Sponsor Address: PO BOX 81, MURPHYSBORO, IL, 62966
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 105
- Total Assets: $3.3M
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 | 105 | $3.3M | $2.3M | $177,471 |
| 2023 | 210 | $2.7M | $2.3M | $176,542 |
| 2022 | 201 | $2.2M | $2.3M | $144,066 |
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 |
|---|---|---|---|---|
| CITIZEN'S RX | Other Service Provider | $150,914 | — | $150,914 |
| GROUP ADMINISTRATORS | Other Service Provider | $28,517 | — | $28,517 |
| LABOR FIRST, LLC | Other Service Provider | $17,291 | — | $17,291 |
| GRABEL, SCHNIEDERS, HOLLMAN & CO PC | Other Service Provider | $10,552 | — | $10,552 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $207,274
- Estimated Expense Ratio: 6.367% 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 | $45,853 | — | $28,377 | $10,552 | — |
| 2023 | $41,883 | — | $28,254 | $8,000 | — |
| 2022 | $37,366 | — | $24,757 | — | $7,000 |