Plan Snapshot
- Plan Sponsor: Board Of Trustees,Laborers Pension Trust Fund-Detroit And Vicinity
- Sponsor EIN: 516030973
- Sponsor Address: 700 TOWER DRIVE SUITE 300, TROY, MI, 480982808
- Plan Type: DB
- Plan Number: 001
- Total Participants: 2,895
- Total Assets: $886.1M
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 | 2,895 | $886.1M | $45.5M | $0 |
| 2023 | 3,016 | $828.0M | $42.7M | $0 |
| 2022 | 3,153 | $771.0M | $42.6M | $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 |
|---|---|---|---|---|
| BENESYS, INC | Other Service Provider | $466,341 | — | $466,341 |
| LABORERS JOINT DELIQUENCY COMMITTEE | Other Service Provider | $439,460 | — | $439,460 |
| MARQUETTE ASSOCIATES, INC. | Other Service Provider | $274,751 | — | $274,751 |
| LOOMIS SAYLES, & COMPANY, P.C. | Other Service Provider | $162,406 | — | $162,406 |
| UNITED ACTUARIAL SERVICES, INC. | Other Service Provider | $82,958 | — | $82,958 |
| FIFTH THIRD BANK | Other Service Provider | $66,689 | — | $66,689 |
| JP MORGAN INVESTMENT MANAGEMENT | Other Service Provider | $64,940 | — | $64,940 |
| BENDA, GRACE, STULZ & COMPANY, P.C. | Other Service Provider | $38,300 | — | $38,300 |
| BOYD WATERSON ASSET MANAGEMENT, LLC | Other Service Provider | $35,820 | — | $35,820 |
| WATKINS PAWLICK CALATI & PRIFTI PC | Other Service Provider | $26,366 | — | $26,366 |
| TIC MIDWEST | Other Service Provider | $21,150 | — | $21,150 |
| SEGAL SELECT | Other Service Provider | $19,945 | — | $19,945 |
| N.C.C.M.P. | Other Service Provider | $7,900 | — | $7,900 |
| AMERICAN GRAPHICS | Other Service Provider | $7,368 | — | $7,368 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,714,394
- Estimated Expense Ratio: 0.193% 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 | $2,940,223 | $1,256,456 | $389,711 | $35,000 | — |
| 2023 | $2,989,102 | $1,304,954 | $389,711 | $31,500 | — |
| 2022 | $2,213,823 | $762,347 | $389,711 | — | $478,189 |