Plan Snapshot
- Plan Sponsor: B Of T Ibew Local Nos 570 & 518 And Southern Az Chap Neca Annuity Plan
- Sponsor EIN: 866089862
- Sponsor Address: 2550 W UNION HILLS DR STE 290, PHOENIX, AZ, 850275198
- Plan Type: DC
- Total Participants: 1,470
- Total Assets: $42.3M
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 | 1,470 | $42.3M | $2.8M | $0 |
| 2023 | 1,481 | $38.4M | $2.7M | $0 |
| 2022 | 1,484 | $33.0M | $2.5M | $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 |
|---|---|---|---|---|
| UBS FINANCIAL SERVICE | Other Service Provider | $120,290 | — | $120,290 |
| WELLESLEY | Other Service Provider | $42,389 | — | $42,389 |
| SOUTHWEST SERVICE ADMINISTRATORS | Other Service Provider | $35,638 | — | $35,638 |
| BALDWIN MOFFITT BEHM LLP | Other Service Provider | $23,202 | — | $23,202 |
| WCM | Other Service Provider | $17,220 | — | $17,220 |
| KELLEY LAW GROUP | Other Service Provider | $16,315 | — | $16,315 |
| SEGAL SELECT INSURANCE | Other Service Provider | $6,446 | — | $6,446 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $261,500
- Estimated Expense Ratio: 0.618% 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 | $270,978 | $170,757 | $30,600 | $23,202 | — |
| 2023 | $253,444 | $166,089 | $30,600 | $21,076 | — |
| 2022 | $274,936 | $168,722 | $30,608 | — | $51,822 |