Plan Snapshot
- Plan Sponsor: Pipefitters Local Union No.537
- Sponsor EIN: 042760802
- Sponsor Address: 40 ENTERPRISE STREET, SUITE 463, DORCHESTER, MA, 021251638
- Plan Type: DC
- Plan Number: 002
- Total Participants: 3,374
- Total Assets: $784.5M
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 | 3,374 | $784.5M | $41.5M | $0 |
| 2023 | 3,331 | $738.8M | $39.3M | $0 |
| 2022 | 3,231 | $661.7M | $36.7M | $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 |
|---|---|---|---|---|
| BOSTON TRUST WALDEN | Other Service Provider | $1,164,583 | — | $1,164,583 |
| NATIONAL INVESTMENT SERVICES | Other Service Provider | $550,098 | — | $550,098 |
| ABS INVESTMENT MANAGEMENT | Other Service Provider | $266,407 | — | $266,407 |
| US REAL ESTATE INVESTMENT FUND | Other Service Provider | $241,335 | — | $241,335 |
| WCP SPECIAL CORE PLUS FUND LP | Other Service Provider | $241,125 | — | $241,125 |
| NEPC, LLC | Recordkeeper | $188,747 | — | $188,747 |
| 400 CAPITAL MANAGEMENT LLC | Other Service Provider | $168,516 | — | $168,516 |
| DAVIDSON KEMPNER CAPITAL MANAGEMENT | Other Service Provider | $157,458 | — | $157,458 |
| RENAISSANCE INSTITUTIONAL EQUITIES | Other Service Provider | $122,803 | — | $122,803 |
| LOOMIS SAYLES | Other Service Provider | $84,290 | — | $84,290 |
| BRIDGEWAY TECHNOLOGIES | Other Service Provider | $66,285 | — | $66,285 |
| EMPLOYEE F | Recordkeeper | $48,129 | — | $48,129 |
| MANZI & ASSOCIATES LLC | Other Service Provider | $46,301 | — | $46,301 |
| INVESTMENT PERFORMANCE SERVICES, LL | Other Service Provider | $45,000 | — | $45,000 |
| DOVER STREET IX CAYMAN FUND L.P. | Other Service Provider | — | $43,481 | $43,481 |
| SELECT EQUITY GROUP, LP | Other Service Provider | $39,714 | — | $39,714 |
| EMPLOYEE G | Recordkeeper | $21,618 | — | $21,618 |
| EMPLOYEE E | Recordkeeper | $21,483 | — | $21,483 |
| NORTHGATE VENTURE PARTNERS, VII LP | Other Service Provider | $16,000 | — | $16,000 |
| EMPLOYEE C | Recordkeeper | $15,247 | — | $15,247 |
| EMPLOYEE B | Recordkeeper | $13,674 | — | $13,674 |
| NETWORK COVERAGE LLC | Other Service Provider | $13,550 | — | $13,550 |
| NOVAK FRANCELLA LLC | Auditor | $11,254 | — | $11,254 |
| KRAKOW, SOURIS & LANDRY LLC | Other Service Provider | $11,250 | — | $11,250 |
| ASB CAPITAL MANAGEMENT | Other Service Provider | $10,430 | — | $10,430 |
| EMPLOYEE D | Recordkeeper | $9,251 | — | $9,251 |
| JLS MAILING SERVICES | Other Service Provider | $8,391 | — | $8,391 |
| SEGAL MARCO ADVISORS | Other Service Provider | $6,833 | — | $6,833 |
| QUADIENT | Other Service Provider | $5,612 | — | $5,612 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NEPC, LLC — Recordkeeper
- EMPLOYEE F — Recordkeeper
- EMPLOYEE G — Recordkeeper
- EMPLOYEE E — Recordkeeper
- EMPLOYEE C — Recordkeeper
- EMPLOYEE B — Recordkeeper
- NOVAK FRANCELLA LLC — Auditor
- EMPLOYEE D — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,638,865
- Estimated Expense Ratio: 0.464% 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 | $3,249,191 | $2,781,999 | — | $46,301 | — |
| 2023 | $2,703,178 | $2,227,743 | — | $44,676 | — |
| 2022 | $2,710,365 | $2,117,451 | — | — | $201,881 |