Plan Snapshot
- Plan Sponsor: Board Of Trustees Ibew Local No 461 Variable Pension Plan
- Sponsor EIN: 882709599
- Sponsor Address: 6525 CENTURION DRIVE, LANSING, MI, 48917
- Plan Type: DB
- Total Participants: 247
- Total Assets: $6.6M
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 | 247 | $6.6M | $3.2M | $0 |
| 2023 | 250 | $3.5M | $2.3M | $0 |
| 2022 | 220 | $1.2M | $1.2M | $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 |
|---|---|---|---|---|
| ERIC J. FERNANDEZ & CO. | Auditor | $19,630 | — | $19,630 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ERIC J. FERNANDEZ & CO. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $19,630
- Estimated Expense Ratio: 0.297% 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 | $181,287 | $12,500 | $35,168 | $19,630 | — |
| 2023 | $163,720 | — | $28,800 | $14,750 | — |
| 2022 | $81,046 | — | $16,800 | — | $61,286 |