Plan Snapshot
- Plan Sponsor: Board Of Trustees Ironworkers Local No. 55 Pension Plan
- Sponsor EIN: 346682351
- Sponsor Address: PO BOX 1298, MAUMEE, OH, 43537
- Plan Type: DB
- Plan Number: 001
- Total Participants: 609
- Total Assets: $217.4M
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 | 609 | $217.4M | $12.8M | $0 |
| 2023 | 595 | $203.7M | $12.9M | $0 |
| 2022 | 591 | $186.6M | $11.9M | $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 |
|---|---|---|---|---|
| BANK OF AMERICA | Other Service Provider | $661,859 | — | $661,859 |
| NOA | Other Service Provider | $181,475 | — | $181,475 |
| CUNI, RUST & STRENK | Other Service Provider | $63,125 | — | $63,125 |
| ASHER KELLY | Other Service Provider | $15,436 | — | $15,436 |
| HUNTINGON INSURANCE | Other Service Provider | $15,316 | — | $15,316 |
| CLARK, SCHAEFER, HACKETT & CO. | Other Service Provider | $13,500 | — | $13,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $950,711
- Estimated Expense Ratio: 0.437% 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 | $1,003,843 | $673,556 | $167,585 | $16,806 | — |
| 2023 | $964,200 | $585,739 | $158,105 | $14,167 | — |
| 2022 | $821,089 | $529,288 | $88,439 | — | $120,123 |