Plan Snapshot
- Plan Sponsor: Trustees Of Pipe Fitters Association Local 597
- Sponsor EIN: 361820310
- Sponsor Address: 45 NORTH OGDEN AVENUE, CHICAGO, IL, 60607
- Plan Type: DC
- Total Participants: 9,410
- Total Assets: $2.5B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 9,410 | $2.5B | $138.8M | $30.2M |
| 2023 | 9,298 | $2.2B | $134.1M | $28.4M |
| 2022 | 9,128 | $1.8B | $127.5M | $29.1M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | NONE | $179,437 | — | $179,437 |
| JOHNSON & KROL, LLC | NONE | $60,411 | — | $60,411 |
| STRATEGIC CAPITAL INVESTMENT ADV. | NONE | $46,500 | — | $46,500 |
| PHIL HAYES | EMPLOYEE | $41,545 | — | $41,545 |
| LEGACY PROFESSIONALS LLP | NONE | $29,747 | — | $29,747 |
| BRIDGEWAY BENEFIT TECHNOLOGIES LLC | NONE | $22,302 | — | $22,302 |
| SEGAL SELECT INSURANCE | NONE | — | $15,638 | $15,638 |
| AMALGAMATED BANK OF CHICAGO | NONE | $9,704 | — | $9,704 |
| MORGAN, LEWIS & BOCKIUS LLP | NONE | $7,694 | — | $7,694 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEGACY PROFESSIONALS LLP — NONE
- MORGAN, LEWIS & BOCKIUS LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $412,978
- Estimated Expense Ratio: 0.017% 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 | $642,963 | $46,313 | — | $18,200 | — |
| 2023 | $602,788 | $45,751 | — | $17,700 | — |
| 2022 | $497,095 | $42,499 | — | — | $67,739 |