Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Minnesota Laborers Pension Fund
- Sponsor EIN: 416159599
- Sponsor Address: 2520 PILOT KNOB ROAD, SUITE 325, MENDOTA HEIGHTS, MN, 551201369
- Plan Type: DB
- Total Participants: 10,758
- Total Assets: $3.2B
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 | 10,758 | $3.2B | $171.1M | $0 |
| 2023 | 10,089 | $3.0B | $168.3M | $0 |
| 2022 | 10,029 | $2.7B | $161.5M | $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 |
|---|---|---|---|---|
| LEGACY PROFESSIONALS LLP | Auditor | $80,580 | — | $80,580 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEGACY PROFESSIONALS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $80,580
- Estimated Expense Ratio: 0.003% 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 | $7,068,182 | $3,895,052 | $650,628 | $80,580 | — |
| 2023 | $6,501,157 | $4,216,031 | $639,388 | $79,386 | — |
| 2022 | $6,546,996 | $4,102,173 | $465,256 | — | $527,765 |