# Shopmen Iron Workers Local 502 Board Of Trustees Pension Fund DB Plan
Source: https://planprovider.pro/companies/shopmen-iron-workers-local-502-board-of-trustees-pension-fund-plan

> Shopmen Iron Workers Local 502 Board Of Trustees Pension Fund's DB plan: 227 participants, plan year 2024 financials, providers, and benchmarks from Form 550…

Form 5500 filing data for plan year 2024.

## 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|

| FISCHER DORWART, P.C.|Auditor|$17,505|—|$17,505|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $17,505

- **Estimated Expense Ratio:** 0.023% 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|

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