Plan Snapshot
- Plan Sponsor: Board Of Trustees, Iron Workers Local No. 25
- Sponsor EIN: 386074498
- Sponsor Address: 700 TOWER DRIVE, TROY, MI, 480982808
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 2,781
- Total Assets: $8.5M
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 | 2,781 | $8.5M | $17.5M | $0 |
| 2023 | 2,952 | $7.7M | $15.9M | $0 |
| 2022 | 3,063 | $6.7M | $16.3M | $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 |
|---|---|---|---|---|
| TAFT STETTINIUS & HOLLISTER LLP | Other Service Provider | $79,241 | — | $79,241 |
| IRON WORKERS LOCAL NO. 25 | Recordkeeper | $57,894 | — | $57,894 |
| LITTLER MENDELSON P.C. | Other Service Provider | $54,159 | — | $54,159 |
| ASHERKELLY | Other Service Provider | $50,813 | — | $50,813 |
| HESSIAN & MCKASY, P.A. | Other Service Provider | $41,508 | — | $41,508 |
| PLANTE & MORAN, PLLC | Other Service Provider | $35,845 | — | $35,845 |
| BENESYS, INC. | Other Service Provider | $25,057 | — | $25,057 |
| COMERICA BANK | Other Service Provider | $21,671 | — | $21,671 |
| SLEVIN & HART, PC | ERISA Attorney | $9,828 | — | $9,828 |
| WITHUM SMITH + BROWN, PC | Auditor | $6,534 | — | $6,534 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SLEVIN & HART, PC — ERISA Attorney
- WITHUM SMITH + BROWN, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $382,550
- Estimated Expense Ratio: 4.497% 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 | $396,518 | $2,318 | $18,959 | $35,845 | — |
| 2023 | $125,761 | — | $18,959 | $31,450 | — |
| 2022 | $93,515 | — | $20,400 | — | $44,138 |