Plan Snapshot
- Plan Sponsor: Iron Workers Local #397 Pension Fund
- Sponsor EIN: 596168650
- Sponsor Address: P.O. BOX 1449, GOODLETTSVILLE, TN, 370703589
- Plan Type: DB
- Total Participants: 666
- Total Assets: $97.1M
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 | 666 | $97.1M | $3.3M | $0 |
| 2023 | 653 | $90.1M | $3.0M | $0 |
| 2022 | 566 | $82.7M | $3.1M | $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 |
|---|---|---|---|---|
| JP MORGAN CHASE | Investment Advisor | $121,414 | — | $121,414 |
| HORIZON ACTUARIAL | Actuary | $63,319 | — | $63,319 |
| COOKE & BIELER | Investment Advisor | $60,759 | — | $60,759 |
| SOUTHERN BENEFIT ADMINISTRATORS INC | Recordkeeper | $59,315 | — | $59,315 |
| VENABLE LAW FIRM | ERISA Attorney | $37,304 | — | $37,304 |
| MARINER INSTITUTIONAL LLC | Other Service Provider | $32,500 | — | $32,500 |
| ASB ALLEGIANCE REAL ESTATE FUND | Investment Advisor | $30,472 | — | $30,472 |
| IRONWORKERS LOCAL UNION #397 | Other Service Provider | $10,800 | — | $10,800 |
| SALEM TRUST | Custodian / Trustee | $9,897 | — | $9,897 |
| RHUMBLINE ADVISORS | Investment Advisor | $7,969 | — | $7,969 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $433,749
- Estimated Expense Ratio: 0.447% 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 | $524,803 | $253,114 | $59,315 | $600 | — |
| 2023 | $472,177 | $220,414 | $58,156 | $14,650 | — |
| 2022 | $438,560 | $196,698 | $60,040 | — | $103,609 |