Plan Snapshot
- Plan Sponsor: Board Of Directors Of The Ibew Locals' Saving & Retirement Group Trust
- Sponsor EIN: 271722149
- Sponsor Address: ONE BRIDGE STREET SUITE 70, IRVINGTON, NY, 10533
- Plan Type: 401(k)
- Total Participants: 348
- Total Assets: $742.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 348 | $742.0M | $1.5M | $1.7M |
| 2023 | 372 | $697.9M | $1.5M | $1.7M |
| 2022 | 376 | $675.6M | $1.2M | $3.1M |
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 |
|---|---|---|---|---|
| PLANMEMBER SECURITIES CORP. | Investment Advisor | $1,831,007 | — | $1,831,007 |
| PLANMEMBER SECURITIES CORPORATION | Investment Advisor | $732,368 | — | $732,368 |
| NEWPORT TRUST COMPANY | Recordkeeper | $290,665 | — | $290,665 |
| PLANMEMBER FINANCIAL SERVICES | Recordkeeper | $250,000 | — | $250,000 |
| INSIGHT INVESTMENTS MANAGEMENT | Other Service Provider | $137,666 | — | $137,666 |
| INSTITUTIONAL INVESTMENT CONSULTING | Investment Advisor | $110,000 | — | $110,000 |
| USI INSURANCE SERVICES LLC | Insurance Carrier | $91,972 | — | $91,972 |
| CLIFTONLARSONALLEN LLP | Auditor | $36,352 | — | $36,352 |
| SHUMAKER, LOOP & KENDRICK, LLP | ERISA Attorney | $28,490 | — | $28,490 |
| MANAGEMENT GUIDANCE LLP | Custodian / Trustee | $12,500 | — | $12,500 |
| OFFICIAL OFFSET CORP. | Other Service Provider | $9,057 | — | $9,057 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,530,077
- Estimated Expense Ratio: 0.476% 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 | $3,530,077 | $2,811,041 | $250,000 | $36,352 | — |
| 2023 | $3,133,050 | $2,404,115 | $250,000 | $39,656 | — |
| 2022 | $5,721,858 | — | — | — | $5,721,858 |