Plan Snapshot
- Plan Sponsor: Board Of Trustees Of The Twin City Ironworkers Pension Fund
- Sponsor EIN: 416084127
- Sponsor Address: 3001 METRO DRIVE, SUITE 500, BLOOMINGTON, MN, 55425
- Plan Type: DB
- Total Participants: 1,404
- Total Assets: $453.9M
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 | 1,404 | $453.9M | $21.3M | $0 |
| 2023 | 1,387 | $431.7M | $21.8M | $0 |
| 2022 | 1,353 | $408.1M | $21.1M | $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 |
|---|---|---|---|---|
| OAKLEY CAPITAL | Other Service Provider | $479,593 | — | $479,593 |
| IIF ERISA HEDGED LP | Other Service Provider | $319,457 | — | $319,457 |
| WILSON-MCSHANE CORPORATION | Other Service Provider | $271,826 | — | $271,826 |
| MEKETA INVESTMENT GROUP, INC. | Other Service Provider | $247,000 | $50 | $247,050 |
| BNY MELLON INVESTMENT MANAGEMENT CA | Other Service Provider | $195,396 | — | $195,396 |
| WELLINGTON TRUST COMPANY | Other Service Provider | $139,966 | — | $139,966 |
| THE SEGAL COMPANY (MIDWEST), INC. | Other Service Provider | $115,655 | — | $115,655 |
| ASB CAPITAL MANAGEMENT | Other Service Provider | $102,051 | — | $102,051 |
| LONGFELLOW INVESTMENT COMPANY | Other Service Provider | $66,906 | — | $66,906 |
| U.S. BANK NATIONAL ASSOCIATION | Recordkeeper | $61,567 | — | $61,567 |
| CLIFTONLARSONALLEN LLP | Auditor | $54,679 | — | $54,679 |
| SHUMAKER, LOOP & KENDRICK, LLP | Other Service Provider | $51,705 | — | $51,705 |
| NORTHERN TRUST CORPORATION | Other Service Provider | $50,272 | — | $50,272 |
| U.S. BANK | Other Service Provider | $22,020 | — | $22,020 |
| FRSECURE | Other Service Provider | $11,130 | — | $11,130 |
| WHITESTAR ADVISORS, LLC | Other Service Provider | $9,586 | — | $9,586 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- U.S. BANK NATIONAL ASSOCIATION — Recordkeeper
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,198,859
- Estimated Expense Ratio: 0.484% 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 | $2,429,087 | $1,610,239 | $233,000 | $54,679 | — |
| 2023 | $1,939,184 | $1,181,758 | $215,000 | $79,725 | — |
| 2022 | $1,791,841 | $1,111,982 | $244,847 | — | $232,807 |