Plan Snapshot
- Plan Sponsor: Board Of Trustees Intl Brotherhood Elec Workers Sound & Comm Div Ret
- Sponsor EIN: 386233909
- Sponsor Address: P O BOX 71337, MADISON HEIGHTS, MI, 48071
- Plan Type: DB
- Plan Number: 002
- Total Participants: 879
- Total Assets: $82.9M
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. |
|---|---|---|---|---|
| 2024 | 879 | $82.9M | $8.0M | $0 |
| 2023 | 865 | $70.3M | $6.4M | $0 |
| 2022 | 858 | $63.0M | $5.9M | $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 |
|---|---|---|---|---|
| E CRAIG YOUNG | Other Service Provider | $52,068 | — | $52,068 |
| DENISE GIPSON | Other Service Provider | $44,498 | — | $44,498 |
| MCCLAIN SMITH & WENZ PC | Auditor | $39,173 | — | $39,173 |
| UNITED ACTUARIAL SERVICES INC. | Other Service Provider | $23,000 | — | $23,000 |
| COMERICA BANK | Other Service Provider | $20,943 | — | $20,943 |
| WATKINS PAWLICK CALATI & PRIFTI, PC | Other Service Provider | $10,407 | — | $10,407 |
| SOLXSYS ADMINISTRATIVE SOLUTIONS | Other Service Provider | $6,893 | — | $6,893 |
| MORGAN STANLEY | Recordkeeper | $5,000 | — | $5,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MCCLAIN SMITH & WENZ PC — Auditor
- MORGAN STANLEY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $201,982
- Estimated Expense Ratio: 0.244% 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 | $347,302 | $5,000 | — | $39,173 | — |
| 2023 | $387,129 | $5,000 | — | $26,521 | — |
| 2022 | $334,633 | $25,359 | — | — | $52,609 |