Plan Snapshot
- Plan Sponsor: Board Of Trustees Of The Twin City Floor Covering Industry Pension Fun
- Sponsor EIN: 416145862
- Sponsor Address: 3001 METRO DRIVE, SUITE 500, BLOOMINGTON, MN, 55425
- Plan Type: DB
- Plan Number: 001
- Total Participants: 380
- Total Assets: $166.5M
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 | 380 | $166.5M | $5.9M | $0 |
| 2023 | 413 | $155.7M | $5.5M | $0 |
| 2022 | 407 | $144.9M | $5.3M | $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 |
|---|---|---|---|---|
| STAIRWAY PARTNERS, LLC | Other Service Provider | $496,743 | — | $496,743 |
| THE SEGAL COMPANY | Other Service Provider | $244,993 | — | $244,993 |
| REINHART BOERNER VAN DUEREN | Other Service Provider | $64,726 | — | $64,726 |
| WILSON MCSHANE CORPORATION | Other Service Provider | $63,844 | — | $63,844 |
| SHUMAKER, LOOP & KENDRICK, LLP | Other Service Provider | $38,553 | — | $38,553 |
| CLIFTONLARSONALLEN LLP | Auditor | $24,413 | — | $24,413 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $933,272
- Estimated Expense Ratio: 0.560% 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 | $1,027,774 | $496,743 | $63,550 | $24,413 | — |
| 2023 | $779,618 | $534,045 | $60,550 | $23,494 | — |
| 2022 | $688,708 | $415,837 | $57,300 | — | $126,776 |