Plan Snapshot
- Plan Sponsor: Board Of Trustees, Ibew Local 445 Pension Fund
- Sponsor EIN: 386142222
- Sponsor Address: 1423 EAST 12 MILE ROAD, MADISON HEIGHTS, MI, 48071
- Plan Type: DB
- Plan Number: 001
- Total Participants: 249
- Total Assets: $33.8M
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 | 249 | $33.8M | $4.6M | $0 |
| 2023 | 182 | $30.3M | $2.6M | $0 |
| 2022 | 212 | $27.7M | $2.3M | $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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY | Recordkeeper | $103,006 | — | $103,006 |
| WILSON MCSHANE CORPORATION | Other Service Provider | $28,052 | — | $28,052 |
| UNITED ACTUARIAL SERVICES | Other Service Provider | $21,533 | — | $21,533 |
| WATKINS PAWLICK CALATI & PRITI PC | Other Service Provider | $16,583 | — | $16,583 |
| BENDA, GRACE, STULZ & COMPANY, P.C. | Other Service Provider | $15,650 | — | $15,650 |
| THE BRENTWOOD COMPANIES | Other Service Provider | $15,000 | — | $15,000 |
| HONSA BINDER PRINTING COMPANY | Other Service Provider | $9,382 | — | $9,382 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $209,206
- Estimated Expense Ratio: 0.618% 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 | $314,392 | $186,743 | $25,702 | $14,850 | — |
| 2023 | $300,476 | $95,923 | $26,551 | $14,300 | — |
| 2022 | $258,093 | $151,834 | $11,276 | — | $59,233 |