Plan Snapshot
- Plan Sponsor: Board Of Trustees, Cedar Rapids Electrical Workers
- Sponsor EIN: 237091120
- Sponsor Address: 424 FIRST AVE NE, CEDAR RAPIDS, IA, 52401
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 848
- Total Assets: $36.5M
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. |
|---|---|---|---|---|
| 2025 | 848 | $36.5M | $0 | $0 |
| 2024 | 851 | $27.7M | $14.2M | $188,682 |
| 2023 | 902 | $23.6M | $14.1M | $274,986 |
| 2022 | 865 | $19.5M | $11.9M | $271,365 |
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 |
|---|---|---|---|---|
| WELLMARK HEALTH PLAN OF IOWA, INC. | Other Service Provider | $591,759 | — | $591,759 |
| EMPLOYEE GROUP SERVICES LTD DBA AUX | Other Service Provider | $227,642 | — | $227,642 |
| REINHART BOERNER VAN DEUREN S.C. | Other Service Provider | $123,702 | — | $123,702 |
| DELTA DENTAL OF IOWA | Other Service Provider | $54,113 | — | $54,113 |
| CLIFTONLARSONALLEN LLP | Other Service Provider | $39,080 | — | $39,080 |
| BENEFIT ADVISORS, INC. DBA ACUMEN | Other Service Provider | $18,312 | — | $18,312 |
| COVENANT WORKPLACE SOLUTIONS | Other Service Provider | $14,688 | — | $14,688 |
| FIDUCIENT ADVISORS | Other Service Provider | $13,800 | — | $13,800 |
| CEDAR RAPIDS BANK AND TRUST | Other Service Provider | $12,815 | — | $12,815 |
| O'SULLIVAN ASSOCIATES | Other Service Provider | $5,950 | — | $5,950 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,101,861
- Estimated Expense Ratio: 3.023% 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 |
|---|---|---|---|---|---|
| 2025 | $14,003,232 | $26,615 | $857,884 | $43,704 | — |
| 2024 | $1,050,222 | $24,666 | $801,436 | $41,598 | — |
| 2023 | $1,029,998 | $22,421 | $814,087 | $40,363 | — |
| 2022 | $1,007,132 | $22,129 | $794,120 | — | $154,829 |