Plan Snapshot
- Plan Sponsor: Board Of Trustees, Ironworkers Local #16 Pension Plan
- Sponsor EIN: 526148924
- Sponsor Address: 7525 SE 24TH ST STE 200, MERCER ISLAND, WA, 98040
- Plan Type: DB
- Total Participants: 112
- Total Assets: $126.7M
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 | 112 | $126.7M | $976,266 | $0 |
| 2023 | 110 | $129.3M | $2.1M | $0 |
| 2022 | 117 | $64.6M | $1.3M | $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 |
|---|---|---|---|---|
| WELFARE & PENSION ADMIN SERVICE INC | Other Service Provider | $117,529 | — | $117,529 |
| INTERCONTINENTAL REAL ESTATE CORP | Other Service Provider | $83,157 | — | $83,157 |
| INVESTMENT PERFORMANCE SERVICES | Other Service Provider | $75,000 | — | $75,000 |
| JPMORGAN INVESTMENT MANAGEMENT | Recordkeeper | $70,564 | — | $70,564 |
| THE MCKEOGH COMPANY | Other Service Provider | $64,189 | — | $64,189 |
| O'DONOGHUE & O'DONOGHUE | Other Service Provider | $50,279 | — | $50,279 |
| FIRST EAGLE INVESTMENT MANAGEMENT | Other Service Provider | $47,041 | — | $47,041 |
| WESTFIELD CAPITAL MGMT | Other Service Provider | $42,655 | — | $42,655 |
| DANA INVESTMENT ADVISORS | Other Service Provider | $37,983 | — | $37,983 |
| BLACKROCK INSTITUTIONAL TRUST COMPA | Other Service Provider | $37,964 | — | $37,964 |
| LSV ASSET MGMT | Other Service Provider | $31,354 | — | $31,354 |
| MILLER KAPLAN ARASE LLP | Auditor | $29,800 | — | $29,800 |
| WELLINGTON TRUST COMPANY | Other Service Provider | $29,487 | — | $29,487 |
| SCHULTHEIS & PLANETTIERI | Other Service Provider | $24,658 | — | $24,658 |
| THE UNION LABOR LIFE INSURANCE COMP | Recordkeeper | $22,953 | — | $22,953 |
| PNC INSTITUTIONAL INV | Other Service Provider | $18,754 | — | $18,754 |
| ENTRUST GLOBAL PARTNERS | Other Service Provider | $17,023 | — | $17,023 |
| CHEVY CHASE TRUST | Other Service Provider | $14,466 | — | $14,466 |
| BANK OF AMERICA | Other Service Provider | $12,678 | — | $12,678 |
| CALIBRE CPA GROUP, PLLC | Auditor | $8,849 | — | $8,849 |
| IRON MOUNTAIN | Other Service Provider | $7,202 | — | $7,202 |
| SMITH, GRAHAM & CO | Other Service Provider | $7,060 | — | $7,060 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JPMORGAN INVESTMENT MANAGEMENT — Recordkeeper
- MILLER KAPLAN ARASE LLP — Auditor
- THE UNION LABOR LIFE INSURANCE COMP — Recordkeeper
- CALIBRE CPA GROUP, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $850,645
- Estimated Expense Ratio: 0.671% 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 | $954,729 | $519,080 | $117,529 | $29,800 | — |
| 2023 | $773,799 | $386,809 | $110,659 | $27,220 | — |
| 2022 | $741,734 | $290,741 | $83,300 | — | $259,760 |