Plan Snapshot
- Plan Sponsor: Board Of Trustees, Iron Workers Local No. 25
- Sponsor EIN: 386216995
- Sponsor Address: 700 TOWER DRIVE,, TROY, MI, 480982808
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 2,120
- Total Assets: $48.4M
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 | 2,120 | $48.4M | $35.7M | $3.4M |
| 2023 | 2,163 | $46.4M | $34.3M | $3.5M |
| 2022 | 2,103 | $44.2M | $30.2M | $3.3M |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF MICHIGAN | Other Service Provider | $1,682,534 | — | $1,682,534 |
| BENESYS, INC. | Other Service Provider | $351,794 | — | $351,794 |
| TAFT STETTINIUS & HOLLISTER LLP | Other Service Provider | $251,508 | — | $251,508 |
| HESSIAN & MCKASY, P.A. | Other Service Provider | $221,373 | — | $221,373 |
| HORIZON ACTUARIAL SERVICES, LLC. | Other Service Provider | $209,300 | — | $209,300 |
| PLANTE & MORAN, PLLC | Other Service Provider | $135,635 | — | $135,635 |
| OPTUM RX INC. | Other Service Provider | $129,865 | $1,632 | $131,497 |
| ASHERKELLY | Other Service Provider | $130,884 | — | $130,884 |
| LITTLER MENDELSON PC | Other Service Provider | $128,300 | — | $128,300 |
| DELTA DENTAL OF MICHIGAN | Other Service Provider | $91,618 | — | $91,618 |
| NATIONAL INVESTMENT SERVICES OF AME | Other Service Provider | $61,115 | — | $61,115 |
| HEALTHLINX, LLC | Other Service Provider | $58,000 | — | $58,000 |
| AMERICAN GRAPHICS PRINTING CO | Other Service Provider | $26,458 | — | $26,458 |
| COMERICA BANK | Other Service Provider | $25,195 | — | $25,195 |
| SLEVIN & HART, PC | ERISA Attorney | $24,359 | — | $24,359 |
| ACCRETIVE GLBL INS PART D ADVISORS | Other Service Provider | $23,667 | — | $23,667 |
| BOYD WATTERSON ASSET MGMT, LLC | Other Service Provider | $22,686 | — | $22,686 |
| NEPC, LLC | Recordkeeper | $22,073 | — | $22,073 |
| WITHUMSMITH+BROWN, PC | Auditor | $15,479 | — | $15,479 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SLEVIN & HART, PC — ERISA Attorney
- NEPC, LLC — Recordkeeper
- WITHUMSMITH+BROWN, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,613,475
- Estimated Expense Ratio: 7.462% 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 | $3,665,447 | $83,801 | $2,006,705 | $135,635 | — |
| 2023 | $3,078,738 | $72,065 | $1,833,394 | $112,475 | — |
| 2022 | $2,715,938 | $62,682 | $1,761,501 | — | $598,114 |