Plan Snapshot
- Plan Sponsor: International Union Of Bricklayers Local 47 Pension Fund
- Sponsor EIN: 231996365
- Sponsor Address: P.O. BOX 1769, SALEM, VA, 24153
- Plan Type: DB
- Plan Number: 001
- Total Participants: 97
- Total Assets: $15.5M
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 | 97 | $15.5M | $857,938 | $0 |
| 2023 | 93 | $6.1M | $1.0M | $0 |
| 2022 | 102 | $5.7M | $1.1M | $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 |
|---|---|---|---|---|
| FOSTER & FOSTER | Actuary | $88,975 | — | $88,975 |
| MORGAN STANLEY | Custodian / Trustee | $40,551 | — | $40,551 |
| LAWRENCE C. MUSGROVE ASSOCIATES INC | Recordkeeper | $36,000 | — | $36,000 |
| O'DONOGHUE & O'DONOGHUE | ERISA Attorney | $18,759 | — | $18,759 |
| ANDERSON & REED,LLP | Auditor | $9,800 | — | $9,800 |
| BARATZ & ASSOCIATES | Auditor | $8,450 | — | $8,450 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — Custodian / Trustee
- ANDERSON & REED,LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $202,535
- Estimated Expense Ratio: 1.304% 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 | $238,664 | $40,551 | $36,000 | $9,800 | — |
| 2023 | $197,219 | $43,263 | $36,000 | $9,500 | — |
| 2022 | $174,359 | $43,542 | $27,200 | — | $62,225 |