Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Ibew Local Union No. 520 Annuity Trust Fund
- Sponsor EIN: 752072597
- Sponsor Address: 2300 BUENA VISTA SE, SUITE 127, ALBUQUERQUE, NM, 87106
- Plan Type: DC
- Total Participants: 4,484
- Total Assets: $138.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 4,484 | $138.4M | $7.6M | $873,630 |
| 2023 | 3,913 | $121.1M | $5.6M | $1.0M |
| 2022 | 3,818 | $102.5M | $4.9M | $969,104 |
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 |
|---|---|---|---|---|
| EDWARDS AND LEATHERS, P.C. | Auditor | $10,000 | — | $10,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,000
- Estimated Expense Ratio: 0.007% 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 | $890,616 | $710,221 | $104,074 | $10,000 | — |
| 2023 | $788,071 | $628,645 | $87,447 | — | — |
| 2022 | $775,947 | $636,830 | $84,836 | — | $27,641 |