Plan Snapshot
- Plan Sponsor: Plasterers & Cement Masons Local No. 109 Pension Plan
- Sponsor EIN: 346622619
- Sponsor Address: 5600 NEW KING DR., SUITE 330, TROY, MI, 48098
- Plan Type: DB
- Plan Number: 001
- Total Participants: 450
- Total Assets: $127.3M
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 | 450 | $127.3M | $5.2M | $0 |
| 2023 | 455 | $121.8M | $5.2M | $0 |
| 2022 | 464 | $115.9M | $4.7M | $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 |
|---|---|---|---|---|
| SOLXSYS ADMINISTRATIVE SOLUTIONS | Recordkeeper | $116,339 | — | $116,339 |
| BNY MELLON SECURITIES CORPORATION | Investment Advisor | $100,256 | — | $100,256 |
| AMERICAN REALTY ADVISORS | Investment Advisor | $90,668 | — | $90,668 |
| ULLICO INVESTMENT ADVISORS, INC. | Investment Advisor | $85,873 | — | $85,873 |
| CUNI, RUST, & STRENK | Actuary | $64,325 | — | $64,325 |
| MARINER INSTITUTIONAL LLC | Other Service Provider | $42,000 | — | $42,000 |
| BARINGS CORE PROPERTY FUND | Investment Advisor | $39,213 | — | $39,213 |
| FIFTH THIRD BANK | Custodian / Trustee | $32,531 | — | $32,531 |
| YURCHYK & DAVIS CPA'S INC | Auditor | $23,900 | — | $23,900 |
| AMERICAN GRAPHICS PRINTING CO. | Other Service Provider | $22,230 | — | $22,230 |
| JOHNSON INVESTMENT COUNCIL | Investment Advisor | $22,032 | — | $22,032 |
| MACALA & PIATT, LLC | ERISA Attorney | $21,885 | — | $21,885 |
| ANCORA ADVISORS | Investment Advisor | $18,483 | — | $18,483 |
| OCPCM COMBINED FUNDS INC. | Other Service Provider | $6,192 | — | $6,192 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $685,927
- Estimated Expense Ratio: 0.539% 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 | $776,724 | $42,000 | $114,500 | $23,900 | — |
| 2023 | $758,040 | $42,000 | $131,065 | $19,700 | — |
| 2022 | $727,994 | $418,102 | $88,190 | — | $134,579 |