Plan Snapshot
- Plan Sponsor: Bd Of Trustees Ibew Local No 129 Health And Welfare Fund
- Sponsor EIN: 346608616
- Sponsor Address: 5600 NEW KING DRIVE, TROY, MI, 48098
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 316
- Total Assets: $7.2M
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 | 316 | $7.2M | $7.0M | $652,295 |
| 2023 | 289 | $5.1M | $5.0M | $695,675 |
| 2022 | 282 | $4.6M | $5.0M | $699,637 |
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 |
|---|---|---|---|---|
| ANTHEM | Other Service Provider | $240,705 | — | $240,705 |
| SOLXSYS ADMINISTRATIVE SOLUTIONS | Other Service Provider | $160,477 | — | $160,477 |
| DGPERRY, PLLC | Auditor | $53,458 | — | $53,458 |
| ALLOTTA FARLEY CO LPA | Other Service Provider | $52,934 | — | $52,934 |
| SEGAL GROUP, INC | Other Service Provider | $51,832 | — | $51,832 |
| IFEBP | Other Service Provider | $9,130 | — | $9,130 |
| MARC SCHUESZLER | Custodian / Trustee | $5,663 | — | $5,663 |
| ANCORA | Other Service Provider | $5,546 | — | $5,546 |
| MICHAEL RUSSELLE | Custodian / Trustee | $5,162 | — | $5,162 |
| KEY BANK NATIONAL ASSOCIATION | Investment Advisor | $5,000 | — | $5,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DGPERRY, PLLC — Auditor
- KEY BANK NATIONAL ASSOCIATION — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $589,907
- Estimated Expense Ratio: 8.198% 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 | $606,123 | $10,546 | $399,619 | $53,458 | — |
| 2023 | $673,350 | $11,286 | $508,710 | $12,000 | — |
| 2022 | $664,786 | $10,999 | $448,247 | — | $163,018 |