Plan Snapshot
- Plan Sponsor: Board Of Trustees, Iron Workers Local No. 25
- Sponsor EIN: 386056780
- Sponsor Address: 700 TOWER DRIVE, TROY, MI, 480982808
- Plan Type: DB
- Plan Number: 001
- Total Participants: 1,795
- Total Assets: $565.1M
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. |
|---|---|---|---|---|
| 2024 | 1,795 | $565.1M | $55.1M | $0 |
| 2023 | 1,839 | $555.3M | $58.5M | $0 |
| 2022 | 1,794 | $555.2M | $56.6M | $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 |
|---|---|---|---|---|
| TAFT STETTINIUS & HOLLISTER LLP | Other Service Provider | $386,365 | — | $386,365 |
| HESSIAN & MCKASY, P.A. | Other Service Provider | $360,224 | — | $360,224 |
| BENESYS, INC. | Other Service Provider | $332,711 | — | $332,711 |
| BANK OF NEW YORK MELLON | Other Service Provider | $331,542 | — | $331,542 |
| PLANTE & MORAN, PLLC | Other Service Provider | $260,885 | — | $260,885 |
| LITTLER MENDELSON PC | Other Service Provider | $237,146 | — | $237,146 |
| NATIONAL INVESTMENT SERVICES OF AME | Other Service Provider | $233,107 | — | $233,107 |
| IRON WORKERS LOCAL NO. 25 | Recordkeeper | $215,298 | — | $215,298 |
| LOOMIS SAYLES TRUST COMPANY | Other Service Provider | $207,161 | — | $207,161 |
| NEPC, LLC | Recordkeeper | $185,000 | — | $185,000 |
| ASHERKELLY | Other Service Provider | $160,853 | — | $160,853 |
| COMERICA BANK | Other Service Provider | $155,789 | — | $155,789 |
| BOSTON TRUST WALDEN COMPANY | Other Service Provider | $119,905 | — | $119,905 |
| HORIZON ACTUARIAL SERVICES, LLC | Other Service Provider | $100,165 | — | $100,165 |
| BOYD WATTERSON ASSET MANAGEMENT, LL | Other Service Provider | $89,661 | — | $89,661 |
| GLOBAL TRUST COMPANY | Other Service Provider | $81,476 | — | $81,476 |
| CRESCENT CAPITAL GROUP LP | Other Service Provider | — | $73,790 | $73,790 |
| ULLICO INVESTMENT ADVISORS INC. | Other Service Provider | $51,076 | — | $51,076 |
| SLEVIN & HART, PC | ERISA Attorney | $43,999 | — | $43,999 |
| MARSH & MCLENNAN AGENCY, LLC | Investment Advisor | — | $37,149 | $37,149 |
| AMERICAN GRAPHICS PRINTING CO. | Other Service Provider | $30,390 | — | $30,390 |
| WITHUMSMITH + BROWN, PC | Auditor | $28,611 | — | $28,611 |
| DOVENMUEHLE MORTGAGE, INC. | Other Service Provider | $25,060 | — | $25,060 |
| BLACKROCK INST. TRUST CO. N.A. | Other Service Provider | $8,413 | — | $8,413 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NEPC, LLC — Recordkeeper
- SLEVIN & HART, PC — ERISA Attorney
- MARSH & MCLENNAN AGENCY, LLC — Investment Advisor
- WITHUMSMITH + BROWN, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,755,776
- Estimated Expense Ratio: 0.665% 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 | $4,193,474 | $1,117,584 | $298,880 | $260,885 | — |
| 2023 | $3,290,958 | $1,373,160 | $298,880 | $209,850 | — |
| 2022 | $3,845,222 | $2,004,010 | $305,211 | — | $734,151 |