Plan Snapshot
- Plan Sponsor: Board Of Trustees Central Iowa Carpenters Money Purchase Plan
- Sponsor EIN: 366066902
- Sponsor Address: 3001 METRO DRIVE, BLOOMINGTON, MN, 55425
- Plan Type: DC
- Plan Number: 003
- Total Participants: 2,356
- Total Assets: $140.1M
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. |
|---|---|---|---|---|
| 2025 | 2,356 | $140.1M | $0 | $0 |
| 2024 | 1,148 | $132.1M | $6.2M | $0 |
| 2023 | 811 | $124.9M | $7.0M | $0 |
| 2022 | 1,134 | $116.2M | $5.6M | $0 |
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 |
|---|---|---|---|---|
| MATRIX TRUST COMPANY | Other Service Provider | $114,907 | — | $114,907 |
| MILLIMAN | Other Service Provider | $114,907 | — | $114,907 |
| ASB ALLEGIANCE INVESTMENTS, LLC | Other Service Provider | $84,200 | — | $84,200 |
| SEGAL MARCO ADVISORS | Other Service Provider | $41,893 | — | $41,893 |
| ARNOLD, NEWBOLD, WINTER, JACKSON,PC | Other Service Provider | $34,370 | — | $34,370 |
| COMERICA | Other Service Provider | $32,055 | — | $32,055 |
| DEBOER & ASSOCIATES, PC | Other Service Provider | $20,500 | — | $20,500 |
| WILSON-MCSHANE CORPORATION | Other Service Provider | $12,381 | — | $12,381 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $455,213
- Estimated Expense Ratio: 0.325% 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 |
|---|---|---|---|---|---|
| 2025 | $9,392,635 | $126,092 | $124,507 | $20,500 | — |
| 2024 | $385,429 | $125,417 | $109,640 | $15,500 | — |
| 2023 | $386,439 | $149,400 | $108,247 | $15,000 | — |
| 2022 | $414,866 | $188,999 | $110,182 | — | $60,922 |