Back to filter
Original filing (PDF)20260216185726NAL0005846384001
MIDWEST CONSTRUCTION & DISTRIBUTION INDUSTRY BENEFIT TRUST
Form 5500
FILING_RECEIVED
MIDWEST CONSTRUCTION & DISTRIBUTION INDUSTRY BENEFIT TRUST
Health & welfare plan
Signals · 3
~383 bps in Sched C feesNo recordkeeper disclosed6 service providers
Active participants
102
Accounts w/ balance
—
Plan assets (EOY)
$4.4M
Net assets (EOY)
$4.3M
How this plan invests
This plan
6 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
89
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- 383 bps in Schedule C fees — 636% above peer band of 52 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for MIDWEST CONSTRUCTION & DISTRIBUTION INDUSTRY BENEFIT TRUST.
Plan sponsor
Name
MIDWEST CONSTRUCTION & DISTRIBUTION INDUSTRY BENEFIT TRUST
EIN
41-6175413
Address
2919 EAGANDALE BLVD SUITE 120 · EAGAN, MN · 55121
Phone
(651) 686-0108
Industry
Wholesale Tradesee all
Plan administrator
Name
MIDWEST CONSTRUCTION & DISTRIBUTION INDUSTRY BENEFIT TRUST
EIN
41-6175413
City
EAGAN, MN
Phone
(651) 686-0108
Plan characteristics
Plan number
501
Plan year
2024
Plan year begin
2024-05-01
Tax period
2025-04-30
Filed
2026-02-16
Welfare benefit codes
4F · Temporary Disability (accident and sickness)
4D · Dental
4B · Life Insurance
4A · Health (other than dental or vision)
Audit & trust (Schedule H)
Auditor
BETTS & HAYES, LTD
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
6 rowsOther
6| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| FORMULA CORPORATION | 41-1559435 | — | NONE | $78K | — |
| BLUE CROSS AND BLUE SHIELD | 41-0984460 | — | NONE | $40K | — |
| SUPERIOR BENEFIT ADVISORS LLC | 82-3736421 | — | NONE | $30K | — |
| BETTS & HAYES LTD | 41-1619880 | — | NONE | $16K | — |
| NYHART COMPANY INCORPORATED | 35-0966414 | — | NONE | $5K | — |
| PRIME THERAPEUTICS | 26-0076803 | — | NONE | $0 | — |
Investments
6 direct securities· $4.3M(98% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Vermillion Bank Certificate of Deposit, 3.50%, maturity 7/23/25 | — | — | $926K | $926K | 21.0% | |
| Vermillion Bank Certificate of Deposit, 4.02%, maturity 1/23/26 | — | — | $920K | $920K | 20.8% | |
| Vermillion Bank Certificate of Deposit, 3.50%, maturity 7/23/25 | — | — | $919K | $919K | 20.8% | |
| Vermillion Bank Certificate of Deposit, 5.28%, maturity 10/23/25 | — | — | $916K | $916K | 20.8% | |
| Vermillion Bank Savings account | — | — | $426K | $426K | 9.7% | |
| Vermillion Bank Interest bearing checking | — | — | $213K | $213K | 4.8% |
Related plans
Other plans using FORMULA CORPORATION
MINNESOTA BAKERS UNION PENSION PLAN
MINNESOTA BAKERS UNION PENSION PLAN
$227.2M · 848 participants
TWIN CITIES BAKERY DRIVERS PENSION FUND
TWIN CITIES BAKERY DRIVERS PENSION PLAN
$97.1M · 256 participants
TWIN CITIES BAKERY DRIVERS HEALTH & WELFARE FUND
TWIN CITIES BAKERY DRIVERS HEALTH & WELFARE FUND
$37.8M · 1,163 participants
TWIN CITIES BAKERY WORKERS HEALTH AND WELFARE FUND
TWIN CITIES BAKERY WORKERS HEALTH AND WELFARE FUND
$4.1M · 914 participants
BLATTNER HOLDING COMPANY
BLATTNER HOLDING COMPANY HEALTH REIMBURSEMENT ARRANGEMENT
$0
Similar-size Wholesale Trade plans
R.R. USA INC.
R.R. USA INC. 401(K) PROFIT SHARING PLAN
$4.4M · 28 participants
A.H. BENNETT COMPANY
A.H. BENNETT COMPANY EMPLOYEES' 401(K) PLAN
$4.4M
ELSEY CONSTRUCTION PRODUCTS, INC.
ELSEY CONSTRUCTION PRODUCTS, INC. EMPLOYEES' 401(K) PROFIT SHARING PLAN
$4.4M · 6 participants
SOULT WHOLESALE COMPANY
SOULT WHOLESALE COMPANY SALARY SAVINGS PLAN
$4.4M · 34 participants
MORGAN LUMBER COMPANY, INC.
MORGAN LUMBER 401(K) PLAN
$4.4M · 146 participants
THE FOREST PRODUCTS GROUP, INC
THE FOREST PRODUCTS GROUP, INC 401(K) PROFIT SHARING PLAN
$4.4M · 44 participants
Large plans in Minnesota
WELLS FARGO & COMPANY
WELLS FARGO & COMPANY 401(K) PLAN
$57.9B · 167,176 participants
UNITED HEALTHCARE SERVICES INC.
UNITEDHEALTH GROUP 401(K) SAVINGS PLAN MASTER TRUST
$31.0B
MINNESOTA LIFE INSURANCE COMPANY
MASTER SEPARATE ACCOUNT
$29.2B
UNITEDHEALTH GROUP INCORPORATED
UNITEDHEALTH GROUP 401(K) SAVINGS PLAN
$26.6B · 199,134 participants
TARGET CORPORATION
TARGET CORPORATION 401(K) PLAN
$14.4B · 427,999 participants
TARGET CORPORATION
TARGET CORPORATION 401(K) MASTER TRUST
$14.2B