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 |
|---|---|---|---|---|
| CLIFTONLARSONALLEN LLP | Auditor | $36,352 | — | $36,352 |
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: $36,352
- Estimated Expense Ratio: 0.005% 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 |