Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Dakotas Areawide Ibew-Neca Savings And Retirement
- Sponsor EIN: 450348980
- Sponsor Address: 2901 FIRST AVENUE NO., FARGO, ND, 581023001
- Plan Type: DC
- Total Participants: 4,207
- Total Assets: $583.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 4,207 | $583.2M | $23.3M | $1.6M |
| 2023 | 4,160 | $521.2M | $23.5M | $1.6M |
| 2022 | 3,853 | $446.1M | $21.6M | $1.2M |
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 | Auditor | $23,305 | — | $23,305 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEGACY PROFESSIONALS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,305
- Estimated Expense Ratio: 0.004% 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 | $554,280 | $36,000 | $190,410 | $23,305 | — |
| 2023 | $680,328 | $36,000 | $307,426 | $22,240 | — |
| 2022 | $855,520 | — | $204,680 | — | $222,629 |