Plan Snapshot
- Plan Sponsor: Board Of Trustees Ironworkers Local No. 6 Retirement Plan
- Sponsor EIN: 872177114
- Sponsor Address: 196 ORCHARD PARK ROAD, WEST SENECA, NY, 14224
- Plan Type: DB
- Plan Number: 001
- Total Participants: 209
- Total Assets: $8.3M
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 | 209 | $8.3M | $2.6M | $0 |
| 2023 | 206 | $5.5M | $1.8M | $0 |
| 2022 | 191 | $3.3M | $1.9M | $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 |
|---|---|---|---|---|
| RONALD SOKOLOWSKI | Other Service Provider | $44,400 | — | $44,400 |
| USI CONSULTING GROUP | Other Service Provider | $24,615 | — | $24,615 |
| ARCARA LENDA EUSANIO & STACEY | Other Service Provider | $21,569 | — | $21,569 |
| MARINER INSTITUTIONAL, LLC | Other Service Provider | $14,250 | — | $14,250 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $10,633 | — | $10,633 |
| LIPSITZ GREEN SCIME CAMBRIA | Other Service Provider | $5,550 | — | $5,550 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $121,017
- Estimated Expense Ratio: 1.450% 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 | $170,705 | $14,250 | — | $21,569 | — |
| 2023 | $182,499 | $10,875 | — | $18,100 | — |
| 2022 | $165,493 | $5,462 | — | — | $108,110 |