Plan Snapshot
- Plan Sponsor: Board Of Trustees Iron Workers' Locals No. 15 & 424
- Sponsor EIN: 061074625
- Sponsor Address: 162 WEST ST, BLDG 2, SUITE J, CROMWELL, CT, 064164404
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 3,164
- Total Assets: $79.6M
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 | 3,164 | $79.6M | $4.7M | $111,624 |
| 2023 | 3,470 | $75.4M | $5.0M | $167,698 |
| 2022 | 1,231 | $71.5M | $4.6M | $159,430 |
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 |
|---|---|---|---|---|
| REID & REIGE P.C. | Other Service Provider | $40,000 | — | $40,000 |
| EMPLOYEE X | Recordkeeper | $39,905 | — | $39,905 |
| EMPLOYEE Z | Recordkeeper | $36,062 | — | $36,062 |
| NOVAK FRANCELLA, LLC | Auditor | $27,527 | — | $27,527 |
| SEGAL MARCO ADVISORS. INC. | Other Service Provider | $23,103 | — | $23,103 |
| R.M. CHEVERIE & ASSOCIATES | Other Service Provider | $9,331 | — | $9,331 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $7,667 | — | $7,667 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EMPLOYEE X — Recordkeeper
- EMPLOYEE Z — Recordkeeper
- NOVAK FRANCELLA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $183,595
- Estimated Expense Ratio: 0.231% 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 | $254,600 | $23,103 | — | $21,475 | — |
| 2023 | $256,096 | $30,150 | — | $21,875 | — |
| 2022 | $234,122 | $30,000 | — | — | $75,929 |