# Board Of Trustees, Cedar Rapids Electrical Workers 401(k) Plan
Source: https://planprovider.pro/companies/board-of-trustees-cedar-rapids-electrical-workers-237091120-501

> Board Of Trustees, Cedar Rapids Electrical Workers's 401(k) plan: 848 participants, plan year 2025 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2025.

## 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|

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