Plan Snapshot
- Plan Sponsor: Board Of Trustees - Western Lake Superior Piping Industry Pension
- Sponsor EIN: 410882304
- Sponsor Address: 2002 LONDON ROAD, SUITE 300, DULUTH, MN, 55812
- Plan Type: DB
- Plan Number: 001
- Total Participants: 402
- Total Assets: $83.1M
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 | 402 | $83.1M | $5.0M | $0 |
| 2023 | 394 | $75.8M | $4.6M | $0 |
| 2022 | 388 | $69.7M | $4.7M | $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 | Other Service Provider | $271,142 | — | $271,142 |
| TAFT STETTINIUS & HOLLISTER LLP | Other Service Provider | $151,603 | — | $151,603 |
| MILLIMAN | Recordkeeper | $119,148 | — | $119,148 |
| WILSON-MCSHANE CORPORATION | Other Service Provider | $70,471 | — | $70,471 |
| BAUMAN ASSOCIATES, LTD | Other Service Provider | $20,362 | — | $20,362 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $632,726
- Estimated Expense Ratio: 0.762% 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 | $922,818 | $338,713 | $65,800 | $20,362 | — |
| 2023 | $576,347 | $239,333 | $62,800 | $14,257 | — |
| 2022 | $552,719 | $220,047 | $59,400 | — | $224,202 |