Plan Snapshot
- Plan Sponsor: Board Of Trustees Electrical Workers Pension Fund - Part B
- Sponsor EIN: 416052631
- Sponsor Address: 2002 LONDON ROAD, DULUTH, MN, 558122144
- Plan Type: DC
- Total Participants: 480
- Total Assets: $189.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 480 | $189.7M | $6.3M | $0 |
| 2023 | 472 | $169.9M | $6.0M | $0 |
| 2022 | 504 | $147.6M | $5.9M | $0 |
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 |
|---|---|---|---|---|
| MILLIMAN, INC. | NONE | $98,888 | — | $98,888 |
| TRANSAMERICA RETIREMENT SOLUTIONS | NONE | $42,771 | — | $42,771 |
| MATRIX TRUST COMPANY | NONE | $20,010 | — | $20,010 |
| SAGEVIEW ADVISORY GROUP | NONE | $17,760 | — | $17,760 |
| LEGACY PROFESSIONALS LLP | NONE | $16,476 | — | $16,476 |
| WILSON-MCSHANE CORPORATION | NONE | $8,499 | — | $8,499 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN, INC. — NONE
- TRANSAMERICA RETIREMENT SOLUTIONS — NONE
- MATRIX TRUST COMPANY — NONE
- SAGEVIEW ADVISORY GROUP — NONE
- LEGACY PROFESSIONALS LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $204,404
- Estimated Expense Ratio: 0.108% 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 | $222,949 | $60,531 | $6,600 | $16,476 | — |
| 2023 | $215,231 | $60,553 | $6,600 | $16,035 | — |
| 2022 | $213,442 | $80,259 | $84,240 | — | $24,871 |