# Board Of Trustees Ibew Local 704 Retirement Income Plan 401(k) Plan
Source: https://planprovider.pro/companies/board-of-trustees-ibew-local-704-retirement-income-plan-plan

> Board Of Trustees Ibew Local 704 Retirement Income Plan&#39;s 401(k) plan: 180 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Board Of Trustees Ibew Local 704 Retirement Income Plan

- **Sponsor EIN:** 420328998

- **Sponsor Address:** 1700 52ND AVE, MOLINE, IL, 612656378

- **Plan Type:** 401(k)

- **Total Participants:** 180

- **Total Assets:** $48.2M

## 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|180|$48.2M|$2.1M|$193,724|

| 2023|171|$43.6M|$2.0M|$165,093|

| 2022|160|$40.2M|$2.0M|$178,597|

## 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|

| CALIBRE CPA GROUP PLLC|Auditor|$12,080|—|$12,080|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [CALIBRE CPA GROUP PLLC](https://planprovider.pro/provider/calibre-cpa-group-pllc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $12,080

- **Estimated Expense Ratio:** 0.025% 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|$127,221|$17,500|$15,492|$12,080|—|

| 2023|$121,489|$17,000|$12,942|$14,492|—|

| 2022|$106,642|$64,625|$12,013|—|$26,543|

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