Plan Snapshot
- Plan Sponsor: Board Of Trustees Ibew Local No 640 & Arizona Chapter Neca H&W
- Sponsor EIN: 866052414
- Sponsor Address: 2001 W CAMELBACK RD STE B350, PHOENIX, AZ, 850157404
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 2,138
- Total Assets: $84.3M
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 | 2,138 | $84.3M | $49.8M | $827,360 |
| 2023 | 1,963 | $61.6M | $48.1M | $731,810 |
| 2022 | 1,592 | $35.2M | $32.5M | $757,032 |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD | Other Service Provider | $1,818,266 | — | $1,818,266 |
| ZENITH AMERICAN SOLUTIONS | Other Service Provider | $718,238 | — | $718,238 |
| VARNUM LLP | ERISA Attorney | $102,892 | — | $102,892 |
| ALAN D BILLER ASSOCIATES | ERISA Attorney | $98,504 | — | $98,504 |
| THE SEGAL COMPANY | Other Service Provider | $84,880 | — | $84,880 |
| KELLEY LAW GROUP | ERISA Attorney | $68,057 | — | $68,057 |
| NECASTAR | Other Service Provider | $67,101 | — | $67,101 |
| INTERNATIONAL PRINTING | Other Service Provider | $32,655 | — | $32,655 |
| BALDWIN MOFFITT BEHM LLP | Other Service Provider | $31,744 | — | $31,744 |
| PNC BANK | Other Service Provider | $25,645 | — | $25,645 |
| LSV INVESTMENT MANAGEMENT | Other Service Provider | $18,198 | — | $18,198 |
| SEGAL SELECT INSURANCE | Other Service Provider | $11,596 | — | $11,596 |
| STOUT RISIUS ROSS LLC | Other Service Provider | $6,488 | — | $6,488 |
| NORTON HEALTH LAW PC | Other Service Provider | $5,000 | — | $5,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- VARNUM LLP — ERISA Attorney
- ALAN D BILLER ASSOCIATES — ERISA Attorney
- KELLEY LAW GROUP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,089,264
- Estimated Expense Ratio: 3.665% 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 | $3,132,449 | $116,702 | $669,637 | $31,744 | — |
| 2023 | $2,926,040 | $50,226 | $600,886 | $29,755 | — |
| 2022 | $1,696,468 | $32,861 | $437,098 | — | $150,342 |