Plan Snapshot
- Plan Sponsor: Shopmens Division Local 597 Joint Board Of Trustees
- Sponsor EIN: 366511016
- Sponsor Address: 45 NORTH OGDEN AVENUE, CHICAGO, IL, 60607
- Plan Type: DB
- Plan Number: 001
- Total Participants: 137
- Total Assets: $16.2M
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 | 137 | $16.2M | $495,096 | $0 |
| 2023 | 137 | $14.9M | $448,561 | $0 |
| 2022 | 131 | $13.7M | $377,708 | $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 | $38,185 | — | $38,185 |
| STRATEGIC CAPITAL INVESTMENT ADV. | Other Service Provider | $33,500 | — | $33,500 |
| COMERICA | Other Service Provider | $9,810 | — | $9,810 |
| LEGACY PROFESSIONALS LLP | Auditor | $8,500 | — | $8,500 |
| WASHINGTON CAPITAL | Other Service Provider | $7,517 | — | $7,517 |
| JOHNSON & KROL, LLC | Other Service Provider | $5,019 | — | $5,019 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEGACY PROFESSIONALS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $102,531
- Estimated Expense Ratio: 0.633% 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 | $160,458 | $50,827 | — | $8,500 | — |
| 2023 | $196,764 | $40,640 | — | $8,250 | — |
| 2022 | $188,615 | $49,749 | — | — | $53,358 |