Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Ibew Local 716 Pension Plan
- Sponsor EIN: 746174676
- Sponsor Address: 8441 GULF FREEWAY, SUITE 304, HOUSTON, TX, 77017
- Plan Type: DC
- Total Participants: 2,163
- Total Assets: $220.9M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,163 | $220.9M | $4.0M | $0 |
| 2023 | 2,138 | $200.8M | $4.0M | $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 |
|---|---|---|---|---|
| BENEFIT RESOURCES, INC. | NONE | $210,753 | — | $210,753 |
| HGK TRINITY | NONE | $204,197 | — | $204,197 |
| ULLICO | NONE | $92,342 | — | $92,342 |
| LOOMIS | NONE | $72,004 | — | $72,004 |
| VOYA | NONE | $68,685 | — | $68,685 |
| THE SEGAL CO | NONE | $67,548 | — | $67,548 |
| SEGAL MARCO | NONE | $65,000 | — | $65,000 |
| NECA SE | NONE | $24,047 | — | $24,047 |
| PAT FLYNN | NONE | $22,827 | — | $22,827 |
| EDWARDS AND LEATHERS, P.C. | NONE | $17,500 | — | $17,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE SEGAL CO — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $844,903
- Estimated Expense Ratio: 0.382% 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 | $1,145,278 | $567,855 | $210,753 | $17,500 | — |
| 2023 | $1,273,877 | $647,844 | $214,199 | $20,656 | — |