Iron Range Plumbers & Fitters Local 589 retirement plan: assets, participants and fees
What Iron Range Plumbers & Fitters Local 589's retirement plan plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Wilson-Mschane Corporation | Schedule C ↗ |
| Independent auditor | Bauman Associates, Ltd (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 125 pension plans in construction with 100 to 499 participants.
| Iron Range Plumbers & Fitters Local 589: employer contribution per participant | $6,072 | |
| Peer median | $4,603 |
| Iron Range Plumbers & Fitters Local 589: average balance | $102,267 | |
| Peer median | $82,731 |
| Iron Range Plumbers & Fitters Local 589: admin expenses ÷ assets | 0.86% | |
| Peer median | 0.96% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $31.3M at the end of plan year 2021 to $37.3M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 365 | $37.3M | $2.2M | $6,072 | 0.86% | Not published | Form 5500 ↗ |
| 2023 | 329 | $34.1M | $1.9M | $5,759 | 0.85% | Not published | Form 5500 ↗ |
| 2022 | 295 | $31.9M | $1.8M | $5,967 | 0.86% | Not published | Form 5500 ↗ |
| 2021 | 285 | $31.3M | $1.8M | $6,384 | 0.89% | Not published | Form 5500 ↗ |
Common questions
Does Iron Range Plumbers & Fitters Local 589 match 401(k) contributions?
The match terms for the Iron Range Plumbers & Fitters Retirement Income Plan have not been published from its filing yet. The plan year 2024 filing reports $2.2M in employer contributions, about $6,072 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Iron Range Plumbers & Fitters Local 589 401(k) match vested?
The vesting schedule for the Iron Range Plumbers & Fitters Retirement Income Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Iron Range Plumbers & Fitters Local 589 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Wilson-Mschane Corporation. The plan administrator is Iron Range Plumbers & Fitters Local 589.
I left Iron Range Plumbers & Fitters Local 589. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Iron Range Plumbers & Fitters Local 589, (218) 728-4231) or the recordkeeper, Wilson-Mschane Corporation. The Iron Range Plumbers & Fitters Local 589 old 401(k) page lists the contacts from every plan filing. Find an old Iron Range Plumbers & Fitters Local 589 401(k)
Data from the public Form 5500 annual reports Iron Range Plumbers & Fitters Local 589 filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Iron Range Plumbers & Fitters Local 589. Not financial advice. Report a correction · Methodology