Plan Snapshot
- Plan Sponsor: Board Of Trustees, Texas Iron Workers' Health Benefit Fund
- Sponsor EIN: 746038639
- Sponsor Address: 1600 HIGHWAY 6 SOUTH, SUITE 340, SUGAR LAND, TX, 77478
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,635
- Total Assets: $29.9M
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 | 1,635 | $29.9M | $12.6M | $40,415 |
| 2023 | 1,670 | $26.7M | $14.0M | $49,685 |
| 2022 | 1,324 | $21.4M | $8.9M | $107,500 |
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 |
|---|---|---|---|---|
| ZENITH-AMERICAN SOLUTIONS | Recordkeeper | $462,473 | — | $462,473 |
| THE SEGAL COMPANY | Actuary | $69,092 | — | $69,092 |
| BARROW HANLEY | Other Service Provider | $37,510 | — | $37,510 |
| CONNER & WINTERS | ERISA Attorney | $33,130 | — | $33,130 |
| HARPER & PEARSON | Auditor | $16,000 | — | $16,000 |
| EDWARDS AND LEATHERS, P.C. | Auditor | $10,500 | — | $10,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE SEGAL COMPANY — Actuary
- HARPER & PEARSON — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $628,705
- Estimated Expense Ratio: 2.102% 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 | $748,446 | $41,004 | $496,659 | $26,500 | — |
| 2023 | $725,834 | $37,707 | $467,754 | $25,430 | — |
| 2022 | $606,290 | $34,886 | $349,325 | — | $119,039 |