Plan Snapshot
- Plan Sponsor: Trustees Of Pipe Fitters Retirement Fund Local 597
- Sponsor EIN: 626105084
- Sponsor Address: 45 NORTH OGDEN AVENUE, CHICAGO, IL, 60607
- Plan Type: DB
- Total Participants: 6,601
- Total Assets: $3.0B
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 | 6,601 | $3.0B | $102.5M | $0 |
| 2023 | 6,435 | $2.7B | $97.5M | $0 |
| 2022 | 6,266 | $2.5B | $96.6M | $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 |
|---|---|---|---|---|
| LEGACY PROFESSIONALS LLP | Auditor | $58,644 | — | $58,644 |
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: $58,644
- Estimated Expense Ratio: 0.002% 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 | $3,796,848 | $1,762,090 | — | $58,644 | — |
| 2023 | $3,653,087 | $1,533,680 | — | $61,795 | — |
| 2022 | $3,750,177 | $1,681,257 | — | — | $269,531 |