Plan Snapshot
- Plan Sponsor: Board Of Trustees Of The Pipe Trades Services Mn Welfare Fund
- Sponsor EIN: 410761972
- Sponsor Address: 4461 WHITE BEAR PARKWAY, SUITE 1, WHITE BEAR LAKE, MN, 55110
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 5,178
- Total Assets: $111.7M
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 | 5,178 | $111.7M | $117.7M | $7.8M |
| 2023 | 5,569 | $101.9M | $105.7M | $7.6M |
| 2022 | 5,030 | $94.6M | $94.1M | $7.1M |
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 |
|---|---|---|---|---|
| HEALTHPARTNERS, INC. | Other Service Provider | $4,583,632 | — | $4,583,632 |
| PIPE TRADES SERVICES MN, INC. | Other Service Provider | $1,767,095 | — | $1,767,095 |
| DELTA DENTAL OF MINNESOTA | Other Service Provider | $283,536 | — | $283,536 |
| MILLIMAN, INC. | Recordkeeper | $231,251 | — | $231,251 |
| VISION SERVICE PLAN | Other Service Provider | $171,771 | — | $171,771 |
| TWELE CAPITAL MANAGEMENT, INC. | Other Service Provider | $146,387 | — | $146,387 |
| TAFT STETTINIUS & HOLLISTER LLP | Other Service Provider | $141,439 | — | $141,439 |
| PLANTE & MORAN, PLLC | Other Service Provider | $114,700 | — | $114,700 |
| BMI AUDIT SERVICES, LLC | Other Service Provider | $72,502 | — | $72,502 |
| TAFT-HARTLEY HEALTHWORKS, INC. | Other Service Provider | $20,000 | — | $20,000 |
| HONSA-BINDER PRINTING, INC. | Other Service Provider | $18,584 | — | $18,584 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,550,897
- Estimated Expense Ratio: 6.760% 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 | $7,663,305 | $1,913,482 | $5,006,560 | $114,700 | — |
| 2023 | $7,014,933 | $1,180,032 | $5,011,609 | $99,325 | — |
| 2022 | $7,673,412 | $120,472 | $6,595,886 | — | $789,610 |