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
- Plan Number: 001
- 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 |
|---|---|---|---|---|
| NATIONAL INVESTMENT SERVICES, INC. | Other Service Provider | $906,369 | — | $906,369 |
| WASHINGTON CAPITAL | Other Service Provider | $496,220 | — | $496,220 |
| STRATEGIC CAPITAL INVESTMENT ADV. | Other Service Provider | $181,500 | — | $181,500 |
| NORTHERN TRUST CORPORATION | Other Service Provider | $178,001 | — | $178,001 |
| NICHOLE LINHARDT | Other Service Provider | $144,511 | — | $144,511 |
| JOHNSON & KROL, LLC | Other Service Provider | $136,379 | — | $136,379 |
| BRIDGEWAY BENEFIT TECHNOLOGIES LLC | Other Service Provider | $134,178 | — | $134,178 |
| THE SEGAL COMPANY | Other Service Provider | $109,412 | — | $109,412 |
| LEGACY PROFESSIONALS LLP | Auditor | $98,810 | — | $98,810 |
| CLAUDIA MARTINEZ | Other Service Provider | $87,346 | — | $87,346 |
| JOE VELLENGA | Custodian / Trustee | $85,140 | — | $85,140 |
| PHIL HAYES | Other Service Provider | $58,163 | — | $58,163 |
| BRIANNE SALISBURY | Other Service Provider | $49,192 | — | $49,192 |
| DANA GARRETT | Other Service Provider | $42,486 | — | $42,486 |
| SEGAL SELECT INSURANCE | Other Service Provider | — | $32,744 | $32,744 |
| PENSION BENEFIT INFORMATION LLC | Other Service Provider | $25,668 | — | $25,668 |
| BOND BROTHERS | Other Service Provider | $19,323 | — | $19,323 |
| MEDICAL REVIEW INSTITUTE OF AMERICA | Other Service Provider | $17,680 | — | $17,680 |
| WATKINS ROSS | Other Service Provider | $9,069 | — | $9,069 |
| MORGAN, LEWIS & BROCKIUS LP | ERISA Attorney | $8,712 | — | $8,712 |
| COMERICA BANK | Other Service Provider | $8,020 | — | $8,020 |
| SINGLE CLICK IT INC | Other Service Provider | $6,602 | — | $6,602 |
| ISLER DARE | Other Service Provider | $5,831 | — | $5,831 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEGACY PROFESSIONALS LLP — Auditor
- MORGAN, LEWIS & BROCKIUS LP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,841,356
- Estimated Expense Ratio: 0.095% 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 |