Plan Snapshot
- Plan Sponsor: Iron Wokers Local 17 Insurance Benefit P
- Sponsor EIN: 340759023
- Sponsor Address: 5600 NEW KING DRIVE, SUITE 3300, TROY, MI, 48098
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 660
- Total Assets: $30.9M
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 | 660 | $30.9M | $11.2M | $1.4M |
| 2023 | 679 | $28.3M | $11.7M | $1.5M |
| 2022 | 624 | $23.3M | $10.8M | $1.5M |
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 |
|---|---|---|---|---|
| ANTHEM | Other Service Provider | $290,630 | — | $290,630 |
| THE SEGAL COMPANY | Other Service Provider | $91,373 | — | $91,373 |
| SOLXSYS ADMINISTRATIVE SOLUTIONS | Other Service Provider | $90,424 | — | $90,424 |
| EXPRESS SCRIPTS | Other Service Provider | $69,061 | — | $69,061 |
| BOYD WATTERSON ASSET MANAGEMENT | Other Service Provider | $57,944 | — | $57,944 |
| ONE DIGITAL | Other Service Provider | $30,000 | — | $30,000 |
| DELTA DENTAL OF OHIO | Other Service Provider | $23,929 | — | $23,929 |
| BONADIO & CO., LLP | Auditor | $21,700 | — | $21,700 |
| TUCKER ARENSBERG | ERISA Attorney | $19,275 | — | $19,275 |
| IRON WORKERS 17 FRINGE BENEFIT INC. | Other Service Provider | $10,007 | — | $10,007 |
| WITHUM | Other Service Provider | $8,592 | — | $8,592 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BONADIO & CO., LLP — Auditor
- TUCKER ARENSBERG — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $712,935
- Estimated Expense Ratio: 2.310% 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 | $744,345 | $57,944 | $413,620 | $21,700 | — |
| 2023 | $804,946 | $43,190 | $511,997 | $14,000 | — |
| 2022 | $752,545 | $39,246 | $586,565 | — | $97,985 |