Plan Snapshot
- Plan Sponsor: Trustees Of Bm Iron Shipbuilders Afl Lodge Local No. 1 Sub Trust Fd
- Sponsor EIN: 237046358
- Sponsor Address: P.O. BOX 6054, ST. CHARLES, IL, 60174
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 309
- Total Assets: $11.2M
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 | 309 | $11.2M | $784,249 | $0 |
| 2023 | 299 | $10.4M | $759,168 | $0 |
| 2022 | 290 | $10.2M | $995,144 | $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 |
|---|---|---|---|---|
| IBB LOCAL LODGE NO. 1 | Other Service Provider | $110,010 | — | $110,010 |
| C. SNEED | Other Service Provider | $65,609 | — | $65,609 |
| GREAT LAKES ADVISORS LLC | Other Service Provider | $44,915 | — | $44,915 |
| PAYCHEX INC | Recordkeeper | $35,926 | — | $35,926 |
| LEGACY PROFESSIONALS LLP | Auditor | $27,474 | — | $27,474 |
| BANK OF LABOR | Other Service Provider | $12,953 | — | $12,953 |
| COMMON ARC | Other Service Provider | $7,733 | — | $7,733 |
| DOWD, BLOCH, BENNETT, CERVONE, AUER | Other Service Provider | $5,047 | — | $5,047 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYCHEX INC — Recordkeeper
- LEGACY PROFESSIONALS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $309,667
- Estimated Expense Ratio: 2.776% 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 | $337,374 | $44,915 | $1,675 | $27,474 | — |
| 2023 | $351,445 | $54,394 | $20,100 | $23,500 | — |
| 2022 | $329,924 | $53,651 | $20,100 | — | $30,932 |