Plan Snapshot
- Plan Sponsor: Ironworkers Local 380 Retirement And Sev Fund
- Sponsor EIN: 376122834
- Sponsor Address: 1602 EAST BUTZOW DRIVE, URBANA, IL, 618022008
- Plan Type: DC
- Plan Number: 001
- Total Participants: 1,236
- Total Assets: $35.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,236 | $35.6M | $4.4M | $0 |
| 2023 | 1,118 | $33.6M | $2.7M | $0 |
| 2022 | 1,079 | $30.6M | $3.3M | $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 |
|---|---|---|---|---|
| WELLS FARGO ADVISORS | Other Service Provider | $84,889 | — | $84,889 |
| CLIFTONLARSONALLEN | Auditor | $61,236 | — | $61,236 |
| MACNELL ACCOUNTING & CONSULTING,LLP | Other Service Provider | $59,008 | — | $59,008 |
| ERISA SERVICES | Investment Advisor | $37,500 | — | $37,500 |
| JOHN HANCOCK RETIREMENT PLAN SVCS | Recordkeeper | $28,525 | — | $28,525 |
| CHARLES BLACK | Custodian / Trustee | $18,883 | — | $18,883 |
| IRONWORKERS LOCAL UNION 380 | Other Service Provider | $14,371 | — | $14,371 |
| HUNT INSURANCE AGENCY, INC. | Other Service Provider | $7,733 | — | $7,733 |
| JEREMY OCHS | Custodian / Trustee | $5,581 | — | $5,581 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN — Auditor
- ERISA SERVICES — Investment Advisor
- JOHN HANCOCK RETIREMENT PLAN SVCS — Recordkeeper
- CHARLES BLACK — Custodian / Trustee
- JEREMY OCHS — Custodian / Trustee
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $317,726
- Estimated Expense Ratio: 0.893% 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 | $246,311 | $22,340 | $31,086 | $21,685 | — |
| 2023 | $200,825 | $13,951 | $31,076 | $24,150 | — |
| 2022 | $207,566 | $9,015 | $32,000 | — | $94,904 |