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Original filing (PDF)20251015150019NAL0002622515004
BOARD OF TRUSTEES OF DAKOTAS AND WESTERN MINNESOTA ELECTRICAL INDUSTRY
Form 5500
FILING_RECEIVED
DAKOTAS AND WESTERN MN ELECTRICAL INDUSTRY HEALTH AND WELFARE FUND
Health & welfare plan
Signals · 3
~310 bps in Sched C feesNo recordkeeper disclosed9 service providers
Active participants
3,935
Accounts w/ balance
—
Plan assets (EOY)
$78.4M
Net assets (EOY)
$71.7M
How this plan invests
This plan
11 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
- 310 bps in Schedule C fees — 1835% above peer band of 16 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOARD OF TRUSTEES OF DAKOTAS AND WESTERN MINNESOTA ELECTRICAL INDUSTRY.
Plan sponsor
Name
BOARD OF TRUSTEES OF DAKOTAS AND WESTERN MINNESOTA ELECTRICAL INDUSTRY
DBA
WELFARE FUND
EIN
45-6038633
Address
2901 FIRST AVENUE NO. · FARGO, ND · 58102
Phone
(701) 293-1300
Industry
Electrical Contractors· Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
501
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-15
Welfare benefit codes
4A · Health (other than dental or vision)
4H · Long-Term Disability
4L · Death Benefits (other than life insurance)
Audit & trust (Schedule H)
Auditor
LEGACY PROFESSIONALS LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
9 rowsOther
9| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF NORTH DAK | 45-0173185 | — | NONE | $2.0M | — |
| UNITED ACTUARIAL SERVICES | 35-2156428 | — | NONE | $103K | — |
| OPTUMRX | 33-0441200 | — | NONE | $102K | — |
| COMMERCE BANK | 48-0962626 | — | NONE | $85K | — |
| JOHNSON & KROL LLC | 36-4342024 | — | NONE | $64K | — |
| LEGACY PROFESSIONALS LLP | 32-0043599 | — | NONE | $27K | — |
| INTELLICENTS INVESTMENT SOLUTIONS | 41-1471080 | — | NONE | $18K | — |
| VIVID PRINTING | 27-1660893 | — | NONE | $10K | — |
| ALLEN BATES TECHNOLOGIES INC. | 32-0102319 | — | NONE | $5K | — |
Investments
11 direct securities· $28.0M(36% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Vanguard Growth Index Fund | — | — | $1.1M | $6.7M | 8.6% | |
| Vanguard High Dividend Yield Index | — | — | $3.4M | $5.8M | 7.4% | |
| UltraShortTerm Bond Adm | — | — | $5.0M | $5.0M | 6.4% | |
| Vanguard Total Stock Market Index | — | — | $1.4M | $4.9M | 6.3% | |
| Vanguard Health Care Fund | — | — | $2.3M | $2.0M | 2.6% | |
| Wells Fargo Allspring | — | — | $1.4M | $1.4M | 1.7% | |
| EuroPacific Growth Fund | — | — | $1.3M | $1.1M | 1.4% | |
| Vanguard Federal Market Fund | — | — | $434K | $434K | 0.6% | |
| Leaders Credit Union CD, 5%, Due 8/30/2028 | — | — | $250K | $259K | 0.3% | |
| US Alliance Federal Credit Union CD, 5.5%, Due 11/30/2026 | — | — | $250K | $257K | 0.3% | |
| U.S. Bank/Dakotas H&W ISI Account | — | — | $57K | $57K | <0.1% |