Plan Snapshot
- Plan Sponsor: Wisconsin Electrical Employees Health And Welfare Plan
- Sponsor EIN: 391651543
- Sponsor Address: 2730 DAIRY DRIVE, MADISON, WI, 53718
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 4,855
- Total Assets: $227.4M
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 | 4,855 | $227.4M | $95.2M | $3.6M |
| 2023 | 4,415 | $207.1M | $79.8M | $3.4M |
| 2022 | 4,027 | $187.2M | $70.0M | $3.4M |
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 | Other Service Provider | $2,379,649 | — | $2,379,649 |
| WEEBF LLC | Other Service Provider | $748,035 | — | $748,035 |
| CONIFER VALUE BASED CARE | Other Service Provider | $396,203 | — | $396,203 |
| REINHART BOERNER VAN DEUREN | Other Service Provider | $350,740 | — | $350,740 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $280,937 | — | $280,937 |
| SAV RX | Other Service Provider | $219,757 | — | $219,757 |
| SWORD HEALTH | Other Service Provider | $123,000 | — | $123,000 |
| HEALTH GAUGE | Other Service Provider | $106,690 | — | $106,690 |
| US BANK | Other Service Provider | $70,660 | — | $70,660 |
| UNITED ACTUARIAL SERVICES, INC | Other Service Provider | $62,400 | — | $62,400 |
| JENSEN INVESTMENT MANAGEMENT | Other Service Provider | $54,865 | — | $54,865 |
| COMBINED CRAFTS | Other Service Provider | $54,818 | — | $54,818 |
| FIDUCIARY MANAGEMENT, INC | Other Service Provider | $40,605 | — | $40,605 |
| COMPUTER MAGIC, INC | Other Service Provider | $38,566 | — | $38,566 |
| MARINER INSTITUTIONAL LLC | Other Service Provider | $21,750 | — | $21,750 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,948,675
- Estimated Expense Ratio: 2.176% 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 | $2,109,037 | $117,661 | — | — | — |
| 2023 | $5,316,928 | $131,600 | — | — | — |
| 2022 | $4,445,579 | $130,416 | — | — | $283,691 |