Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees, Shopmen'S Ironworkers Health Trust Fund
- Sponsor EIN: 237252041
- Sponsor Address: 131 N EL MOLINO AVENUE SUITE 330, PASADENA, CA, 91101
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 482
- Total Assets: $3.6M
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 | 482 | $3.6M | $6.1M | $886,391 |
| 2023 | 503 | $3.6M | $6.0M | $920,486 |
| 2022 | 442 | $3.7M | $5.7M | $909,146 |
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 |
|---|---|---|---|---|
| RAEL AND LETSON | Other Service Provider | $48,000 | — | $48,000 |
| IRONWORKERS EMPLOYEES BENEFIT CORP | Other Service Provider | $38,620 | — | $38,620 |
| MC MENOMY & ASSOCIATES CPAS LLP | Other Service Provider | $16,800 | — | $16,800 |
| STRATEGIC CAPITAL INVEST ADVISORS | Other Service Provider | $16,203 | — | $16,203 |
| IRON MOUNTAIN | Other Service Provider | $14,741 | — | $14,741 |
| KRAW LAW GROUP | Other Service Provider | $9,837 | — | $9,837 |
| WELLS FARGO BANK | Other Service Provider | $6,059 | — | $6,059 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $150,260
- Estimated Expense Ratio: 4.194% 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 | $177,962 | $16,203 | $38,620 | $16,800 | — |
| 2023 | $188,676 | $16,090 | $38,620 | $16,800 | — |
| 2022 | $181,805 | $16,103 | $38,620 | — | $77,955 |