Plan Snapshot
- Plan Sponsor: Shopmen Iron Workers Local 502 Board Of Trustees Pension Fund
- Sponsor EIN: 236529457
- Sponsor Address: 168 W. RIDGE PIKE, LIMERICK, PA, 19468
- Plan Type: DB
- Total Participants: 227
- Total Assets: $75.2M
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 | 227 | $75.2M | $2.2M | $0 |
| 2023 | 206 | $72.9M | $2.1M | $0 |
| 2022 | 220 | $67.5M | $3.4M | $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 |
|---|---|---|---|---|
| THE SEGAL COMPANY | Other Service Provider | $52,200 | — | $52,200 |
| GRAYSTONE CONSULTING MORGAN STANLEY | Other Service Provider | $35,000 | — | $35,000 |
| DOREEN FRIEL | Other Service Provider | $30,800 | — | $30,800 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $26,433 | — | $26,433 |
| BROWN & CONNERY | Other Service Provider | $23,403 | — | $23,403 |
| PNC BANK N.A. | Other Service Provider | $20,735 | — | $20,735 |
| FISCHER DORWART, P.C. | Other Service Provider | $17,505 | — | $17,505 |
| BOSTON PARTNERS | Other Service Provider | $16,693 | — | $16,693 |
| IDR INVESTMENT MANAGEMENT | Other Service Provider | $13,467 | — | $13,467 |
| NATIONAL INVESTMENT SERVICES | Other Service Provider | $8,859 | — | $8,859 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $245,095
- Estimated Expense Ratio: 0.326% 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 | $360,045 | $72,637 | — | $17,505 | — |
| 2023 | $486,022 | $172,593 | — | $17,500 | — |
| 2022 | $528,683 | $157,771 | — | — | $183,916 |