Plan Snapshot
- Plan Sponsor: Iron Range Plumbers & Fitters Local 589
- Sponsor EIN: 416057633
- Sponsor Address: 2002 LONDON ROAD, SUITE 300, DULUTH, MN, 55812
- Plan Type: DB
- Plan Number: 001
- Total Participants: 184
- Total Assets: $37.4M
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 | 184 | $37.4M | $2.2M | $0 |
| 2023 | 156 | $34.1M | $1.9M | $0 |
| 2022 | 151 | $31.9M | $1.8M | $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 | $136,149 | — | $136,149 |
| WILSON-MSCHANE CORPORATION | Other Service Provider | $88,278 | — | $88,278 |
| UNITED ACTUARIAL SERVICES, INC. | Other Service Provider | $25,500 | — | $25,500 |
| BAUMAN ASSOCIATES, LTD | Other Service Provider | $14,460 | — | $14,460 |
| ANDREW & POOLE, P.A | Other Service Provider | $9,477 | — | $9,477 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $273,864
- Estimated Expense Ratio: 0.733% 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 | $306,332 | $136,149 | $86,000 | $14,460 | — |
| 2023 | $279,298 | $125,872 | $82,000 | $14,185 | — |
| 2022 | $271,171 | $116,050 | $78,100 | — | $25,025 |