Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of Iron Workers Local 17 Annuity FundProfit-sharing plan

IRON WORKERS LOCAL 17 ANNUITY FUND · TROY, MI · plan year 2024

Reported admin expense ratio · 2024
0.35%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Board of Trustees of Iron Workers Local 17 Annuity Fund reported $333,006 in plan administrative expenses for 2024: 0.35% of average plan assets, higher than ~90% of peers. Employer contributions averaged $5,982 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.47% to 0.35%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 295th-largest of 2,619 plans among Michigan employers on file, and the 614th of 5,337 in construction. active participation has grown from 1,160 to 1,369 since 2022.

Plan summary
Net assets, end of year$100,141,016
Participants with balances1,588
Active participants1,369
Employer contributions$8,189,494
Employee contributions—
Employer contribution per active participant$5,982
Average account balance$63,061
Benefits paid to participants$6,415,530
Plan auditUnmodified (clean) audit opinion
AuditorBONADIO &CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$100.1M · 1,588 accts · $8.2M emplr
2023$88.8M · 1,583 accts · $7.7M emplr
2022$75.7M · 1,478 accts · $6.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$218,309
Investment management$25,000
Audit (IQPA)$14,700
Total administrative$333,006
Employer contributions to the Board of Trustees of Iron Workers Local 17 Annuity Fund plan · 2024
Employer contribution per active participant$5,982
Median for plans this size$3,635
2024$5,982 per active participant
2023$5,973 per active participant
2022$5,850 per active participant

Board of Trustees of Iron Workers Local 17 Annuity Fund's 2024 employer contribution ran above the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20248
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$172,937
SOLXSYS ADMINISTRATIVE SOLUTIONS · Plan administrator$58,001
SEGAL ADVISORS, INC. · Investment advisory (plan)$25,000
WITHUM · Accounting / audit$19,546
TUCKER ARENSBERG P.C. · Legal$17,907
BONADIO & CO., LLP · Accounting / audit$14,700
LOCAL 17 FRINGE BENEFIT FUND · Contract administrator$10,008
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$333,006 · 0.35%
2023$284,637 · 0.35%
2022$345,408 · 0.47%
Similar plansConstruction · Michigan
Edward Rose & Sons MI$75.3M · 0.26%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 341290643 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.