Plan Snapshot
- Plan Sponsor: Ironworkers National Pension Plan Board Of Trustees
- Sponsor EIN: 526122274
- Sponsor Address: 625 ENTERPRISE DRIVE, OAKBROOK, IL, 60523
- Plan Type: DB
- Plan Number: 001
- Total Participants: 2,852
- Total Assets: $503.2M
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 | 2,852 | $503.2M | $10.7M | $0 |
| 2023 | 2,757 | $476.0M | $9.9M | $0 |
| 2022 | 2,555 | $464.2M | $9.0M | $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 |
|---|---|---|---|---|
| BENEFITS MANAGEMENT GROUP, INC. | Other Service Provider | $619,825 | — | $619,825 |
| SEGAL CONSULTING | Other Service Provider | $350,947 | — | $350,947 |
| AMALGAMATED BANK | Other Service Provider | $287,252 | — | $287,252 |
| NEW TOWER TRUST COMPANY | Other Service Provider | $255,311 | — | $255,311 |
| BOSTON PARTNERS | Other Service Provider | $245,994 | $8,952 | $254,946 |
| WITHUMSMITH+BROWN | Auditor | $226,640 | — | $226,640 |
| JP MORGAN INVESTMENT MANAGEMENT INC | Recordkeeper | $186,885 | — | $186,885 |
| EARNEST PARTNERS. LLC | Other Service Provider | $162,512 | — | $162,512 |
| BOYD WATTERSON ASSET MANAGEMENT LLC | Other Service Provider | $156,618 | — | $156,618 |
| ULLICO INVESTMENT ADVISORS INC | Other Service Provider | $145,708 | — | $145,708 |
| WCM INVESTMENT MANAGEMENT | Other Service Provider | $145,172 | — | $145,172 |
| UNION LABOR LIFE INSURANCE COMPANY | Recordkeeper | $137,762 | — | $137,762 |
| TODD ASSET MANAGEMENT, LLC | Other Service Provider | $133,906 | — | $133,906 |
| MORGAN STANLEY GRAYSTONE | Recordkeeper | $120,000 | — | $120,000 |
| UNION INSURANCE GROUP | Other Service Provider | $93,305 | $10,900 | $104,205 |
| MANNING & NAPIER ADVISORS | Other Service Provider | $89,945 | — | $89,945 |
| MARCO, MCGUIRE & ARREOLA | Other Service Provider | $63,980 | — | $63,980 |
| METLIFE INVESTMENT MANAGEMENT | Other Service Provider | $56,402 | — | $56,402 |
| GCM GROSVENOR, L.P. | Other Service Provider | $55,349 | — | $55,349 |
| F/M INVESTMENTS, LLC | Other Service Provider | $45,896 | — | $45,896 |
| LAZARD ASSET MANAGEMENT | Other Service Provider | $45,075 | — | $45,075 |
| NORTHERN TRUST | Other Service Provider | $33,575 | — | $33,575 |
| BOND BROTHERS & CO., INC. | Other Service Provider | $16,823 | — | $16,823 |
| SAGE ADVISORY SERVICES, LTD CO | Other Service Provider | $5,422 | — | $5,422 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUMSMITH+BROWN — Auditor
- JP MORGAN INVESTMENT MANAGEMENT INC — Recordkeeper
- UNION LABOR LIFE INSURANCE COMPANY — Recordkeeper
- MORGAN STANLEY GRAYSTONE — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,700,156
- Estimated Expense Ratio: 0.735% 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 | $4,209,516 | $2,021,972 | $610,752 | $128,285 | — |
| 2023 | $4,254,904 | $2,135,230 | $572,480 | $140,110 | — |
| 2022 | $4,168,811 | $2,224,904 | $557,496 | — | $737,031 |