Plan Snapshot
- Plan Sponsor: Board Of Trustees Ibew Local No 461 Defined Contribution Pension
- Sponsor EIN: 362882653
- Sponsor Address: 6525 CENTURION DRIVE, LANSING, MI, 48917
- Plan Type: DC
- Total Participants: 1,075
- Total Assets: $171.5M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,075 | $171.5M | $7.7M | $0 |
| 2023 | 1,026 | $153.9M | $8.0M | $0 |
| 2022 | 982 | $128.5M | $7.4M | $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 |
|---|---|---|---|---|
| MEKETA INVESTMENT GROUP | NONE | $75,000 | — | $75,000 |
| REINHART BOERNER VAN DEUREN S.C. | NONE | $69,317 | — | $69,317 |
| TIC INTERNATIONAL | NONE | $39,439 | — | $39,439 |
| ERIC J. FERNANDEZ & CO. | NONE | $26,071 | — | $26,071 |
| NEW YORK LIFE TRUST COMPANY | NONE | $12,058 | — | $12,058 |
| IBEW LOCAL 461 | PLAN MANAGER | $9,713 | — | $9,713 |
| RICHARD J. WOLF CO. | NONE | $5,228 | — | $5,228 |
| FRSECURE | NONE | $5,000 | — | $5,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ERIC J. FERNANDEZ & CO. — NONE
- NEW YORK LIFE TRUST COMPANY — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $241,826
- Estimated Expense Ratio: 0.141% 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 | $209,846 | — | $50,352 | — | — |
| 2023 | $200,862 | — | $48,329 | — | — |
| 2022 | $172,610 | — | $48,037 | — | $85,812 |