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 |
|---|---|---|---|---|
| ZENITH AMERICAN SOLUTIONS INC. | Other Service Provider | $818,741 | — | $818,741 |
| CHAMPLAIN INVESTMENT PARTNERS | Other Service Provider | $556,946 | — | $556,946 |
| SHENKMAN CAPITAL MANAGEMENT | Other Service Provider | $548,457 | — | $548,457 |
| UNION BANK & TRUST COMPANY | ERISA Attorney | $436,092 | — | $436,092 |
| MAIRS AND POWER | Other Service Provider | $424,020 | — | $424,020 |
| ASB CAPITAL MANAGEMENT LLC | Other Service Provider | $386,139 | — | $386,139 |
| PUNCH & ASSOCIATES | Other Service Provider | $375,668 | — | $375,668 |
| MEKETA INVESTMENT GROUP | Other Service Provider | $348,625 | $50 | $348,675 |
| SEVEN CORNERS PRINTING | Other Service Provider | $294,529 | — | $294,529 |
| BARROW, HANLEY, MEWHINNEY & STRAUSS | Other Service Provider | $293,504 | — | $293,504 |
| WHITESTAR ADVISORS | Other Service Provider | $292,497 | — | $292,497 |
| STATE STREET GLOBAL ADVISORS | Other Service Provider | $213,619 | — | $213,619 |
| THE SEGAL COMPANY | Other Service Provider | $180,475 | — | $180,475 |
| LEGACY PROFESSIONALS LLP | Auditor | $145,892 | — | $145,892 |
| SHUMAKER LOOP & KENDRICK LLP | Other Service Provider | $140,557 | — | $140,557 |
| LONGFELLOW INVESTMENT MANAGEMENT | Other Service Provider | $132,529 | — | $132,529 |
| NORTHERN TRUST CORPORATION | Other Service Provider | $81,084 | — | $81,084 |
| LOOMIS SAYLES & COMPANY | Other Service Provider | $46,583 | — | $46,583 |
| USI INSURANCE SERVICES LLC | Other Service Provider | — | $44,423 | $44,423 |
| FRSECURE | Other Service Provider | $22,118 | — | $22,118 |
| MADDEN BROTHERS, INC | Other Service Provider | $20,581 | — | $20,581 |
| EXAM WORKS | Other Service Provider | $12,950 | — | $12,950 |
| QUALITY RESOURCE GROUP | Other Service Provider | $8,403 | — | $8,403 |
| SOULO COMMUNICATIONS | Other Service Provider | $6,059 | — | $6,059 |
| PROXYVOTE PLUS, LLC | Other Service Provider | $5,000 | — | $5,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UNION BANK & TRUST COMPANY — ERISA Attorney
- LEGACY PROFESSIONALS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,835,541
- Estimated Expense Ratio: 0.182% 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 |