Plan Snapshot
- Plan Sponsor: Board Of Trustees I.A.M. 401(K) Fund
- Sponsor EIN: 320443423
- Sponsor Address: 99 M STREET, SE, WASHINGTON, DC, 200034595
- Plan Type: DC
- Total Participants: 33,654
- Total Assets: $972.2M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 33,654 | $972.2M | $36.2M | $75.8M |
| 2023 | 33,236 | $828.1M | $30.7M | $53.8M |
| 2022 | 33,154 | $695.8M | $17.3M | $59.6M |
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 |
|---|---|---|---|---|
| WILLIS TOWERS WATSON US LLC | Recordkeeper | $148,555 | — | $148,555 |
| JOHN HANCOCK RETIREMENT PLAN SERVIC | Recordkeeper | $100,015 | — | $100,015 |
| SEGAL SELECT INSURANCE SERVICES INC | Other Service Provider | — | $68,774 | $68,774 |
| NOVAK FRANCELLA LLC | Auditor | $62,997 | — | $62,997 |
| MORGAN STANLEY SMITH BARNEY, LLC | Recordkeeper | $50,000 | — | $50,000 |
| THE SEGAL COMPANY | Other Service Provider | $18,485 | — | $18,485 |
| BEACON HILL STAFFING GROUP, LLC | Other Service Provider | $15,066 | — | $15,066 |
| WITHUM SMITH & BROWN PC | Auditor | $14,312 | — | $14,312 |
| INSIGHT DIRECT USA INC | Other Service Provider | $12,829 | — | $12,829 |
| IAM NATIONAL PENSION FUND | Recordkeeper | $5,001 | — | $5,001 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — Recordkeeper
- JOHN HANCOCK RETIREMENT PLAN SERVIC — Recordkeeper
- NOVAK FRANCELLA LLC — Auditor
- MORGAN STANLEY SMITH BARNEY, LLC — Recordkeeper
- WITHUM SMITH & BROWN PC — Auditor
- IAM NATIONAL PENSION FUND — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $496,034
- Estimated Expense Ratio: 0.051% 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 | $2,958,125 | $50,000 | $1,354,200 | $10,538 | — |
| 2023 | $2,086,308 | $62,500 | — | $21,950 | — |
| 2022 | $1,969,363 | — | — | — | $79,354 |