Plan Snapshot
- Plan Sponsor: Trustees Of The Iron Workers Local 498 Defined Benefit Plan
- Sponsor EIN: 363119818
- Sponsor Address: 625 ENTERPRISE DRIVE, OAK BROOK, IL, 605238813
- Plan Type: DB
- Total Participants: 181
- Total Assets: $34.3M
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 | 181 | $34.3M | $4.4M | $0 |
| 2023 | 173 | $30.4M | $4.0M | $0 |
| 2022 | 151 | $27.7M | $3.4M | $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 |
|---|---|---|---|---|
| CALIBRE CPA GROUP, LLC | Auditor | $20,000 | — | $20,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CALIBRE CPA GROUP, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,000
- Estimated Expense Ratio: 0.058% 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 | $300,454 | $53,382 | $78,000 | $20,000 | — |
| 2023 | $327,532 | $56,354 | $93,764 | $18,000 | — |
| 2022 | $338,958 | $72,480 | $88,038 | — | $124,680 |