Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees Of Local 17
- Sponsor EIN: 416158573
- Sponsor Address: 3001 METRO DRIVE SUITE 500, BLOOMINGTON, MN, 55425
- Plan Type: DB
- Total Participants: 236
- Total Assets: $9.8M
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 | 236 | $9.8M | $155,664 | $0 |
| 2023 | 247 | $8.9M | $172,249 | $0 |
| 2022 | 220 | $8.1M | $138,450 | $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 |
|---|---|---|---|---|
| WILSON-MCSHANE CORPORATION | CONTRACT ADMINISTRATOR | $40,600 | — | $40,600 |
| SEGAL COMPANY | ACTUARY | $40,415 | — | $40,415 |
| MAIRS AND POWER, INC | INVESTMENT ADVISER | $25,599 | — | $25,599 |
| STANDARD VALUATIONS, INC. | CONSULTING | $13,000 | — | $13,000 |
| SHUMAKER, LOOP & KENDRICK, LLP | NONE | $11,674 | — | $11,674 |
| BETTS & HAYES | NONE | $11,025 | — | $11,025 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $142,313
- Estimated Expense Ratio: 1.449% 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 | $199,529 | $31,309 | $39,600 | $11,025 | — |
| 2023 | $187,805 | $27,716 | $37,800 | — | — |
| 2022 | $178,577 | $28,010 | $34,800 | — | $64,792 |