Plan Snapshot
- Plan Sponsor: Board Of Trustees Of The Twin City Carpenters And Joiners Pension Fund
- Sponsor EIN: 416043137
- Sponsor Address: 3001 METRO DRIVE, SUITE 500, BLOOMINGTON, MN, 55425
- Plan Type: DB
- Total Participants: 5,909
- Total Assets: $2.0B
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 | 5,909 | $2.0B | $117.1M | $0 |
| 2023 | 6,440 | $1.9B | $121.5M | $0 |
| 2022 | 6,412 | $1.8B | $121.1M | $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 |
|---|---|---|---|---|
| BLACKSTONE INFRASTRUCTURE ADVISORS | Other Service Provider | $913,733 | — | $913,733 |
| WILSON-MCSHANE CORPORATION | Other Service Provider | $889,199 | — | $889,199 |
| JENNISON ASSOCIATES LLC | Recordkeeper | $575,040 | — | $575,040 |
| MARATHON ASSET MANAGEMENT LIMITED | Other Service Provider | $520,634 | — | $520,634 |
| BAIRD ADVISORS | Other Service Provider | $424,458 | — | $424,458 |
| DEPRINCE, RACE, & ZOLLO | Other Service Provider | $405,173 | — | $405,173 |
| WELLINGTON TRUST COMPANY, N/A | Other Service Provider | $293,075 | — | $293,075 |
| WHITESTAR ADVISORS, LLC | Other Service Provider | $287,480 | — | $287,480 |
| UNION BANK & TRUST | ERISA Attorney | $269,891 | — | $269,891 |
| SEGAL COMPANY | Other Service Provider | $220,720 | — | $220,720 |
| THE UNION LABOR LIFE INSURANCE GROU | Recordkeeper | $204,392 | — | $204,392 |
| DEARBORN PARTNERS | Other Service Provider | $202,719 | — | $202,719 |
| BLACKROCK INSTITUTIONAL TRUST COMPA | Other Service Provider | $189,511 | — | $189,511 |
| SEGAL MARCO ADVISORS | Other Service Provider | $171,541 | — | $171,541 |
| REINHARDT BOERNER VAN DEUREN S.C. | Other Service Provider | $139,151 | — | $139,151 |
| INVESCO LTD | Other Service Provider | $58,677 | — | $58,677 |
| CLIFTONLARSONALLEN LLP | Auditor | $53,907 | — | $53,907 |
| WILLIAM BLAIR | Other Service Provider | $49,214 | — | $49,214 |
| WELLS CAPITAL MANAGEMENT | Other Service Provider | $46,810 | — | $46,810 |
| PENSION BENEFIT INFORMATION, LLC | Other Service Provider | $11,667 | — | $11,667 |
| HONSA-BINDER PRINTING, INC. | Other Service Provider | $10,310 | — | $10,310 |
| THE MAREK GROUP | Other Service Provider | $7,114 | — | $7,114 |
| PROXYVOTE PLUS | Other Service Provider | $6,000 | — | $6,000 |
| FRSECURE LLC | Other Service Provider | $5,000 | — | $5,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JENNISON ASSOCIATES LLC — Recordkeeper
- UNION BANK & TRUST — ERISA Attorney
- THE UNION LABOR LIFE INSURANCE GROU — Recordkeeper
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,955,416
- Estimated Expense Ratio: 0.297% 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 | $6,912,166 | $4,612,348 | $840,000 | $53,907 | — |
| 2023 | $7,834,930 | $5,440,720 | $792,000 | $45,159 | — |
| 2022 | $7,388,682 | $5,477,414 | $436,605 | — | $762,000 |