Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Iron Workers Local 17 Annuity Fund
- Sponsor EIN: 341290643
- Sponsor Address: 5600 NEW KING DRIVE, SUITE 330, TROY, MI, 480982604
- Plan Type: DC
- Plan Number: 001
- Total Participants: 1,369
- Total Assets: $101.0M
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 | 1,369 | $101.0M | $8.2M | $0 |
| 2023 | 1,290 | $89.0M | $7.7M | $0 |
| 2022 | 1,160 | $75.9M | $6.8M | $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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | Recordkeeper | $172,937 | — | $172,937 |
| SOLXSYS ADMINISTRATIVE SOLUTIONS | Other Service Provider | $58,001 | — | $58,001 |
| SEGAL ADVISORS, INC. | Other Service Provider | $25,000 | — | $25,000 |
| WITHUM | Other Service Provider | $19,546 | — | $19,546 |
| TUCKER ARENSBERG P.C. | Other Service Provider | $17,907 | — | $17,907 |
| BONADIO & CO., LLP | Auditor | $14,700 | — | $14,700 |
| LOCAL 17 FRINGE BENEFIT FUND | Other Service Provider | $10,008 | — | $10,008 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — Recordkeeper
- BONADIO & CO., LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $318,099
- Estimated Expense Ratio: 0.315% 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 | $333,006 | $25,000 | $58,001 | $14,700 | — |
| 2023 | $284,637 | $25,000 | $57,000 | $8,500 | — |
| 2022 | $345,408 | $25,000 | $114,014 | — | $29,043 |