Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of the Twin City Ironworkers Dc Pension FundProfit-sharing plan

TWIN CITY IRONWORKERS DEFINED CONTRIBUTION FUND · BLOOMINGTON, MN · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Board of Trustees of the Twin City Ironworkers Dc Pension Fund reported $312,352 in plan administrative expenses for 2024: 0.09% of average plan assets, above the peer median. Employer contributions averaged $10,185 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 rose from 0.05% to 0.09%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other construction employers. By assets it is the 103rd-largest of 1,918 plans among Minnesota employers on file, and the 186th of 5,337 in construction.

Plan summary
Net assets, end of year$379,537,054
Participants with balances2,939
Active participants2,696
Employer contributions$27,459,122
Employee contributions—
Employer contribution per active participant$10,185
Average account balance$129,138
Benefits paid to participants$17,738,921
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$379.5M · 2,939 accts · $27.5M emplr
2023$321.6M · 2,920 accts · $25.9M emplr
2022$259.6M · 2,836 accts · $23.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$91,543
Investment management$15,000
Audit (IQPA)$19,738
Trustee / custodial$130,239
Total administrative$312,352
Employer contributions to the Board of Trustees of the Twin City Ironworkers Dc Pension Fund plan · 2024
Employer contribution per active participant$10,185
Median for plans this size$4,294
2024$10,185 per active participant
2023$9,774 per active participant
2022$9,101 per active participant

Board of Trustees of the Twin City Ironworkers Dc Pension Fund's 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top quarter of its peers. 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 · 20245
JOHN HANCOCK RETIREMENT PLAN SERVIC · Investment management$192,557
WILSON-MCSHANE CORPORATION · Contract administrator$33,904
CLIFTONLARSONALLEN LLP · Accounting / audit$19,738
SHUMAKER, LOOP, & KENDRICK LLP · Legal$15,919
MEKETA INVESTMENT GROUP · Investment advisory (plan)$15,000

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

Administrative cost history3
2024$312,352 · 0.09%
2023$259,220 · 0.09%
2022$127,701 · 0.05%
Similar plansConstruction · Minnesota
M. a. Mortenson Company MN$826.6M · 0.05%
Api Group, Inc. MN$675.7M · 0.09%
Ryan Companies US, Inc. MN$324.0M · 0.14%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 411876222 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.