Plan Snapshot
- Plan Sponsor: Board Of Trustees Laborers Local 231 Pension Fund
- Sponsor EIN: 376040563
- Sponsor Address: 2503 BROADWAY, PEKIN, IL, 615543907
- Plan Type: DB
- Total Participants: 462
- Total Assets: $125.8M
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 | 462 | $125.8M | $7.7M | $0 |
| 2023 | 455 | $112.7M | $7.1M | $0 |
| 2022 | 426 | $101.3M | $6.3M | $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 |
|---|---|---|---|---|
| ROMOLO & ASSOCIATES, LLC | Auditor | $14,500 | — | $14,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $14,500
- Estimated Expense Ratio: 0.012% 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 | $780,967 | $29,062 | — | $14,500 | — |
| 2023 | $692,896 | $26,250 | — | $14,500 | — |
| 2022 | $733,014 | $453,955 | — | — | $85,492 |