Plan Snapshot
- Plan Sponsor: Board Of Trustees Electrical Workers Pension Fund
- Sponsor EIN: 416052631
- Sponsor Address: 2002 LONDON ROAD, ROOM 300, DULUTH, MN, 558122144
- Plan Type: DB
- Total Participants: 576
- Total Assets: $102.5M
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. |
|---|---|---|---|---|
| 2024 | 576 | $102.5M | $6.0M | $0 |
| 2023 | 593 | $93.8M | $6.0M | $0 |
| 2022 | 584 | $81.5M | $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 |
|---|---|---|---|---|
| WILSON-MCSHANE CORPORATION | NONE | $184,882 | — | $184,882 |
| TRANSAMERICA RETIREMENT SOLUTIONS | NONE | $35,464 | — | $35,464 |
| UNITED ACTUARIAL SERVICES, INC. | NONE | $25,700 | — | $25,700 |
| LEGACY PROFESSIONALS LLP | NONE | $18,538 | — | $18,538 |
| WELLS FARGO | NONE | $14,789 | — | $14,789 |
| ANDREW, BRANSKY & POOLE, P.A | NONE | $8,896 | — | $8,896 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — 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: $288,269
- Estimated Expense Ratio: 0.281% 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 | $363,788 | $35,464 | $183,000 | $18,538 | — |
| 2023 | $337,777 | $35,852 | $177,600 | $17,535 | — |
| 2022 | $359,587 | $36,120 | $172,800 | — | $70,002 |