Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Twin City Ironworkers Health & Welfare Plan
- Sponsor EIN: 416023463
- Sponsor Address: 3001 METRO DRIVE, SUITE 500, BLOOMINGTON, MN, 55425
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,397
- Total Assets: $39.5M
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 | 1,397 | $39.5M | $25.5M | $2.8M |
| 2023 | 1,377 | $37.3M | $25.3M | $3.0M |
| 2022 | 1,377 | $31.9M | $23.8M | $3.3M |
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 |
|---|---|---|---|---|
| WILSON-MCSHANE CORPORATION | Other Service Provider | $640,215 | — | $640,215 |
| BLUELINK TPA BC/BS OF MN | Other Service Provider | $367,869 | $36,078 | $403,947 |
| TEAM CORPORATION | Other Service Provider | $129,345 | — | $129,345 |
| THE SEGAL COMPANY | Other Service Provider | $80,026 | — | $80,026 |
| SHUMAKER, LOOP & KENDRICK, LLP. | Other Service Provider | $79,061 | — | $79,061 |
| ZELIS | Other Service Provider | $74,776 | — | $74,776 |
| CLIFTONLARSONALLEN LLP | Auditor | $54,400 | — | $54,400 |
| DDMN ASO, LLC | Other Service Provider | $49,762 | — | $49,762 |
| SAV-RX | Other Service Provider | $24,935 | — | $24,935 |
| LONGFELLOW INVESTMENT MANAGEMENT | Other Service Provider | $22,025 | — | $22,025 |
| MEKETA INVESTMENT GROUP | Other Service Provider | $16,250 | $50 | $16,300 |
| U.S. BANK | Other Service Provider | $15,667 | — | $15,667 |
| US BANK | Recordkeeper | $10,000 | — | $10,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
- US BANK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,600,459
- Estimated Expense Ratio: 4.050% 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 | $1,561,684 | $38,275 | $1,142,959 | $54,400 | — |
| 2023 | $1,369,984 | $28,164 | $1,014,022 | $38,000 | — |
| 2022 | $1,351,928 | $55,134 | $1,036,923 | — | $200,698 |