Plan Snapshot
- Plan Sponsor: The Board Of Trustees Of The Ironworkers 568 Retirement Plan
- Sponsor EIN: 320124306
- Sponsor Address: 119 SOUTH CENTRE STREET, CUMBERLAND, MD, 21502
- Plan Type: DB
- Total Participants: 95
- Total Assets: $10.8M
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 | 95 | $10.8M | $842,377 | $0 |
| 2023 | 80 | $8.8M | $652,055 | $0 |
| 2022 | 74 | $7.6M | $519,983 | $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 |
|---|---|---|---|---|
| TURNBULL, HOOVER & KAHL, P.A. | Auditor | $24,240 | — | $24,240 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,240
- Estimated Expense Ratio: 0.224% 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 | $194,525 | $8,000 | — | $24,240 | — |
| 2023 | $184,741 | $8,000 | — | $22,560 | — |
| 2022 | $158,806 | — | — | — | $141,981 |