Plan Snapshot
- Plan Sponsor: Trustees - Carpenters Local Union No. 345 Pension Fund
- Sponsor EIN: 626112262
- Sponsor Address: 2851 STAGE VILLAGE CV., BARTLETT, TN, 38134
- Plan Type: DB
- Plan Number: 001
- Total Participants: 468
- Total Assets: $33.0M
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. |
|---|---|---|---|---|
| 2023 | 468 | $33.0M | $6.4M | $0 |
| 2022 | 187 | $26.3M | $1.8M | $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 |
|---|---|---|---|---|
| ADMINISTRATOR | Other Service Provider | $80,873 | — | $80,873 |
| INVESTMENT PERFORMANCE SERVICES | Other Service Provider | $37,693 | — | $37,693 |
| WEDGE CAPITAL MANAGEMENT LLP | Other Service Provider | $34,704 | — | $34,704 |
| ATLANTA CAPITAL | Other Service Provider | $27,977 | $278 | $28,255 |
| NEEDLES & ASSOCIATES LLC | Other Service Provider | $18,317 | — | $18,317 |
| OSBORNE CARREIERO & ASSOCIATES | Other Service Provider | $15,300 | — | $15,300 |
| FIRST HORIZON BANK | Other Service Provider | $14,777 | — | $14,777 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $229,919
- Estimated Expense Ratio: 0.696% 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 |
|---|---|---|---|---|---|
| 2023 | $383,481 | $182,023 | $80,873 | $18,317 | — |
| 2022 | $365,940 | $179,715 | $76,923 | — | $47,254 |