Plan Snapshot
- Plan Sponsor: Trustees Of The Local 734 Pension Fund
- Sponsor EIN: 516040136
- Sponsor Address: 6643 N NORTHWEST HWY, CHICAGO, IL, 606311300
- Plan Type: DB
- Total Participants: 945
- Total Assets: $95.5M
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 | 945 | $95.5M | $8.7M | $0 |
| 2023 | 861 | $98.1M | $8.3M | $0 |
| 2022 | 858 | $96.1M | $5.3M | $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 |
|---|---|---|---|---|
| MACNELL ACCOUNTING & CONSULTING,LLP | Auditor | $75,000 | — | $75,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,000
- Estimated Expense Ratio: 0.079% 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 | $2,872,271 | $886,452 | — | $75,000 | — |
| 2023 | $2,694,948 | $759,335 | — | $95,525 | — |
| 2022 | $1,991,780 | $557,090 | — | — | $302,876 |