Plan Snapshot
- Plan Sponsor: Board Of Trustees Iron Workers Local 401 Annuity Fund
- Sponsor EIN: 232191989
- Sponsor Address: 11600 NORCOM ROAD, PHILADELPHIA, PA, 19154
- Plan Type: DC
- Total Participants: 820
- Total Assets: $139.7M
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 | 820 | $139.7M | $11.3M | $0 |
| 2023 | 847 | $129.4M | $7.8M | $0 |
| 2022 | 995 | $121.0M | $6.0M | $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 |
|---|---|---|---|---|
| IRON WORKERS LOCAL 401 | LOCAL UNION | $214,621 | — | $214,621 |
| MERRILL LYNCH | NONE | $158,887 | — | $158,887 |
| ATALANTA SOSNOFF CAPITAL | NONE | $121,699 | — | $121,699 |
| INTERCONTINENTL ENHANCED CORE US | NONE | $121,634 | — | $121,634 |
| LOOMIS SAYLES | NONE | $85,982 | — | $85,982 |
| EATON VANCE | NONE | $82,502 | — | $82,502 |
| PNC BANK, N.A. | NONE | $35,069 | — | $35,069 |
| CLEARY, JOSEM & TRIGIANI | NONE | $24,560 | — | $24,560 |
| LAZARD ASSET MANAGEMENT | NONE | $22,929 | — | $22,929 |
| FISCHER DORWART, P.C. | NONE | $20,005 | — | $20,005 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | NONE | $17,721 | — | $17,721 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MERRILL LYNCH — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $905,609
- Estimated Expense Ratio: 0.648% 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 | $938,302 | $593,651 | $214,621 | $20,005 | — |
| 2023 | $875,673 | $564,706 | $199,525 | $19,000 | — |
| 2022 | $843,286 | $595,946 | — | — | $28,165 |