# Board Of Trustees Ibew Local Union 697 Sub Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-ibew-local-union-697-sub-fund-030545014-503

> Board Of Trustees Ibew Local Union 697 Sub Fund's Health & Welfare plan: 1,341 participants, plan year 2025 financials, providers, and benchmarks from Form 5…

Form 5500 filing data for plan year 2025.

## Plan Snapshot

- **Plan Sponsor:** Board Of Trustees Ibew Local Union 697 Sub Fund

- **Sponsor EIN:** 030545014

- **Sponsor Address:** 7200 MISSISSIPPI ST., MERRILLVILLE, IN, 46410

- **Plan Type:** Health & Welfare

- **Plan Number:** 503

- **Total Participants:** 1,341

- **Total Assets:** $2.9M

## 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.|

| 2025|1,341|$2.9M|$0|$0|

| 2024|1,413|$2.8M|$384,103|$0|

| 2023|1,299|$2.6M|$466,078|$0|

| 2022|1,324|$2.3M|$532,996|$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|

| LEGACY PROFESSIONALS LLP|Other Service Provider|$16,494|—|$16,494|

| HAGBERG & ASSOCIATES, P.C.|Other Service Provider|$6,515|—|$6,515|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $23,009

- **Estimated Expense Ratio:** 0.801% 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|

| 2025|$353,924|$1,424|—|$15,500|—|

| 2024|$94,186|$1,438|—|$15,819|—|

| 2023|$103,834|$1,227|—|$15,250|—|

| 2022|$95,342|$1,112|—|—|$20,877|

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