# Board Of Trustees Ironworkers Local No. 55 Pension Plan DB Plan
Source: https://planprovider.pro/companies/board-of-trustees-ironworkers-local-no-55-pension-plan-346682351-001

> Board Of Trustees Ironworkers Local No. 55 Pension Plan's DB plan: 609 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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