Plan Snapshot
- Plan Sponsor: Waicu Benefits Consortium, INC.
- Sponsor EIN: 320086947
- Sponsor Address: 122 W. WASHINGTON AVE. , SUITE 700, MADISON, WI, 53703
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,010
- Total Assets: $15.7M
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 | 1,010 | $15.7M | $15.5M | $5.4M |
| 2023 | 1,117 | $14.0M | $16.3M | $5.9M |
| 2022 | 1,376 | $11.9M | $17.9M | $5.9M |
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 |
|---|---|---|---|---|
| UMR, INC | Other Service Provider | $785,530 | $21,210 | $806,740 |
| WAICU | Other Service Provider | $468,231 | — | $468,231 |
| MILLIMAN | Actuary | $124,661 | — | $124,661 |
| CAREMARK | Other Service Provider | $66,171 | — | $66,171 |
| SIKICH CPA LLC | Auditor | $38,625 | — | $38,625 |
| DELTA DENTAL OF WISCONSIN,INC | Other Service Provider | $36,551 | — | $36,551 |
| R.W BAIRD & CO | Custodian / Trustee | $27,367 | — | $27,367 |
| MICHAEL BEST & FRIEDRICH LLP | ERISA Attorney | $16,660 | — | $16,660 |
| ASSOCIATED BANK | Other Service Provider | $5,225 | — | $5,225 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN — Actuary
- SIKICH CPA LLC — Auditor
- MICHAEL BEST & FRIEDRICH LLP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,590,231
- Estimated Expense Ratio: 10.121% 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 | $890,718 | $27,367 | $468,231 | $38,625 | — |
| 2023 | $1,406,670 | $7,891 | $492,772 | $39,490 | — |
| 2022 | $1,854,349 | $28,548 | $1,113,873 | — | $194,862 |