Plan Snapshot
- Plan Sponsor: Board Of Trustees Iron Workers
- Sponsor EIN: 042647320
- Sponsor Address: 161 GRANITE AVE, DORCHESTER, MA, 021245437
- Plan Type: DC
- Total Participants: 7,844
- Total Assets: $614.1M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 7,844 | $614.1M | $45.7M | $169,766 |
| 2023 | 7,659 | $566.8M | $50.8M | $167,712 |
| 2022 | 7,428 | $499.6M | $53.2M | $189,160 |
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 |
|---|---|---|---|---|
| MANZI & ASSOCIATES L.L.C | Auditor | $29,500 | — | $29,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $29,500
- Estimated Expense Ratio: 0.005% 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 | $836,576 | $359,720 | — | $29,500 | — |
| 2023 | $809,010 | $354,150 | — | $51,264 | — |
| 2022 | $706,776 | $351,865 | — | — | $105,338 |