Plan Snapshot
- Plan Sponsor: Board Of Trustees Electrical Workers' Joint Board Of
- Sponsor EIN: 381415532
- Sponsor Address: P O BOX 71337, MADISON HEIGHTS, MI, 48071
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 742
- Total Assets: $1.6M
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 | 742 | $1.6M | $0 | $0 |
| 2024 | 827 | $1.5M | $0 | $5.1M |
| 2023 | 848 | $1.6M | $0 | $5.3M |
| 2022 | 921 | $1.5M | $0 | $5.4M |
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 |
|---|---|---|---|---|
| MCCLAIN SMITH & WENZ PC | Auditor | $18,262 | — | $18,262 |
| WATKINS, PAWLICK CALATI & PRIFTI PC | Other Service Provider | $13,587 | — | $13,587 |
| SOLXSYS | Other Service Provider | $8,153 | — | $8,153 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,002
- Estimated Expense Ratio: 2.542% 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 | $4,815,252 | — | — | $18,262 | — |
| 2024 | $131,105 | — | — | $15,282 | — |
| 2023 | $105,990 | — | — | $13,512 | — |
| 2022 | $108,276 | — | — | — | $21,603 |