# Iron Range Plumbers & Fitters Local 589 DB Plan
Source: https://planprovider.pro/companies/iron-range-plumbers-fitters-local-589-416057633-001

> Iron Range Plumbers & Fitters Local 589's DB plan: 184 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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