Plan Snapshot
- Plan Sponsor: Board Of Trustees, Iron Workers Local No. 25
- Sponsor EIN: 272392474
- Sponsor Address: 700 TOWER DRIVE, TROY, MI, 480982808
- Plan Type: DC
- Plan Number: 001
- Total Participants: 5,493
- Total Assets: $231.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 5,493 | $231.6M | $28.5M | $0 |
| 2023 | 5,318 | $195.6M | $26.2M | $0 |
| 2022 | 4,617 | $156.6M | $21.3M | $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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS CO OF AMERICA | Other Service Provider | $961,906 | — | $961,906 |
| TAFT STETTINIUS & HOLLISTER LLP | Other Service Provider | $127,688 | — | $127,688 |
| IRON WORKERS LOCAL NO. 25 | Recordkeeper | $93,097 | — | $93,097 |
| LITTLER MENDELSON PC | Other Service Provider | $87,812 | — | $87,812 |
| HESSIAN & MCKASY, PA | Other Service Provider | $85,892 | — | $85,892 |
| ASHERKELLY | Other Service Provider | $38,603 | — | $38,603 |
| PLANTE & MORAN, PLLC | Other Service Provider | $35,405 | — | $35,405 |
| BENESYS, INC. | Other Service Provider | $28,201 | — | $28,201 |
| NEPC, LLC | Recordkeeper | $18,333 | — | $18,333 |
| SLEVIN & HART, PC | ERISA Attorney | $15,916 | — | $15,916 |
| WITHUMSMITH+BROWN, PC | Auditor | $10,594 | — | $10,594 |
| MARSH & MCLENNAN AGENCY, LLC | Investment Advisor | — | $5,660 | $5,660 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NEPC, LLC — Recordkeeper
- SLEVIN & HART, PC — ERISA Attorney
- WITHUMSMITH+BROWN, PC — Auditor
- MARSH & MCLENNAN AGENCY, LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,509,107
- Estimated Expense Ratio: 0.652% 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 | $1,551,497 | $961,906 | $26,646 | $35,405 | — |
| 2023 | $925,936 | $773,715 | $26,646 | $23,050 | — |
| 2022 | $822,419 | $679,789 | $28,562 | — | $67,120 |