Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees Of Mi Reg Council Of Carpenters Annuity Fund
- Sponsor EIN: 383240423
- Sponsor Address: P.O. BOX 4540, TROY, MI, 480994540
- Plan Type: DC
- Plan Number: 001
- Total Participants: 17,503
- Total Assets: $530.6M
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 | 17,503 | $530.6M | $38.8M | $0 |
| 2023 | 17,855 | $500.5M | $37.4M | $0 |
| 2022 | 17,454 | $441.7M | $33.9M | $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 |
|---|---|---|---|---|
| ARISTOTLE CAPITAL MANAGEMENT | Other Service Provider | $542,205 | — | $542,205 |
| MORGAN STANLEY GLOBAL BANKING | Other Service Provider | $442,530 | — | $442,530 |
| BENESYS, INC. | Other Service Provider | $380,359 | — | $380,359 |
| BOYD WATTERSON ASSET MANAGEMENT | Other Service Provider | $316,113 | — | $316,113 |
| LOOMIS SAYLES & COMPANY | Other Service Provider | $209,007 | — | $209,007 |
| NOVARA LAW GROUP PLLC | Other Service Provider | $175,246 | — | $175,246 |
| CARPENTERS FRINGE BENEFIT FUNDS JDC | Other Service Provider | $115,112 | — | $115,112 |
| REINHART PARTNERS, INC. | Other Service Provider | $110,724 | — | $110,724 |
| MADISON INVESTMENT ADVISORS | Investment Advisor | $106,095 | — | $106,095 |
| CAPITAL RESEARCH AND MANAGEMENT | Other Service Provider | $59,365 | — | $59,365 |
| SEGAL SELECT INSURANCE SERVICES | Other Service Provider | $54,161 | — | $54,161 |
| AMERICAN GRAPHICS PRINTING CO | Other Service Provider | $49,596 | — | $49,596 |
| BULTYNCK & CO., PLLC | Other Service Provider | $32,035 | — | $32,035 |
| TIC INTERNATIONAL CORPORATION | Other Service Provider | $6,501 | — | $6,501 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MADISON INVESTMENT ADVISORS — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,599,049
- Estimated Expense Ratio: 0.490% 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 | $2,711,391 | $1,853,158 | $372,490 | $38,458 | — |
| 2023 | $2,436,503 | $1,622,952 | $363,391 | $39,801 | — |
| 2022 | $2,177,917 | $1,487,544 | $350,268 | — | $172,287 |