Plan Snapshot
- Plan Sponsor: Board Of Trustees, Ibew Local 405 Deferred Savings Plan
- Sponsor EIN: 421494475
- Sponsor Address: 424 FIRST AVENUE NE, CEDAR RAPIDS, IA, 524011400
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,418
- Total Assets: $296.4M
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. |
|---|---|---|---|---|
| 2025 | 1,418 | $296.4M | $0 | $0 |
| 2024 | 886 | $262.6M | $12.4M | $1.1M |
| 2023 | 780 | $234.7M | $11.0M | $1.1M |
| 2022 | 722 | $196.9M | $10.1M | $1.0M |
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. | Other Service Provider | $89,296 | — | $89,296 |
| REINHART BOERNER VAN DEUREN | Other Service Provider | $69,251 | — | $69,251 |
| EMPLOYEE GROUP SERVICES LTD DBA AUX | Other Service Provider | $39,686 | — | $39,686 |
| FIDUCIENT ADVISORS | Other Service Provider | $32,200 | — | $32,200 |
| CLIFTONLARSONALLEN LLP | Other Service Provider | $27,302 | — | $27,302 |
| BROADRIDGE FINANCIAL SOLUTIONS, INC | Other Service Provider | $24,693 | — | $24,693 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $282,428
- Estimated Expense Ratio: 0.095% 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 | $18,222,756 | $32,200 | $153,675 | $31,135 | — |
| 2024 | $323,014 | $32,200 | $147,635 | $29,861 | — |
| 2023 | $309,413 | $32,200 | $146,449 | $28,623 | — |
| 2022 | $292,183 | $32,200 | $131,882 | — | $108,541 |