Plan Snapshot
- Plan Sponsor: Iron Workers District Council Of Tn Valley & Vicinity Welfare Plan
- Sponsor EIN: 620588259
- Sponsor Address: P.O. BOX 1449, GOODLETTSVILLE, TN, 370701449
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,037
- Total Assets: $61.6M
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 | 1,037 | $61.6M | $14.3M | $52,191 |
| 2023 | 1,000 | $52.5M | $13.7M | $50,608 |
| 2022 | 964 | $42.3M | $13.9M | $69,954 |
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 |
|---|---|---|---|---|
| SOUTHERN BENEFIT ADMINISTRATORS | Other Service Provider | $361,500 | — | $361,500 |
| UNITED HEALTHCARE | Other Service Provider | $335,665 | — | $335,665 |
| BLUECROSS BLUESHIELD OF TENNESSEE | Other Service Provider | $106,682 | $9,671 | $116,353 |
| MORGAN STANLEY GLOBAL BANKING | Recordkeeper | $35,006 | — | $35,006 |
| THE UNION LABOR LIFE INSURANCE CO | Recordkeeper | $24,481 | $4,474 | $28,955 |
| STRANCH, JENNINGS & GARVEY PLLC | Other Service Provider | $25,052 | — | $25,052 |
| DANIELS, IRWIN & AYLOR CPAS | Auditor | $23,550 | — | $23,550 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY GLOBAL BANKING — Recordkeeper
- THE UNION LABOR LIFE INSURANCE CO — Recordkeeper
- DANIELS, IRWIN & AYLOR CPAS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $926,081
- Estimated Expense Ratio: 1.504% 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 | $1,657,461 | $112,617 | $337,500 | $23,550 | — |
| 2023 | $1,582,219 | $86,013 | $337,500 | $22,575 | — |
| 2022 | $1,482,366 | $75,143 | $337,500 | — | $77,003 |