Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Ibew Neca Conduit 401k Plan
- Sponsor EIN: 862321016
- Sponsor Address: 2120 HUBBARD AVENUE, DECATUR, IL, 625262871
- Plan Type: 401(k)
- Total Participants: 1,826
- Total Assets: $41.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 1,826 | $41.3M | $1.1M | $1.3M |
| 2023 | 1,380 | $37.6M | $1.1M | $1.2M |
| 2022 | 1,093 | $33.4M | $804,625 | $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 |
|---|---|---|---|---|
| JOHN HANCOCK RETIREMENT PLAN SERV | NONE | $152,861 | — | $152,861 |
| IBEW NECA CONDUIT | PLAN ADMINISTRATOR | $74,034 | — | $74,034 |
| CAVANAGH & O'HARA | NONE | $11,531 | — | $11,531 |
| KERBER, ECK & BRAECKEL LLP | NONE | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK RETIREMENT PLAN SERV — NONE
- KERBER, ECK & BRAECKEL LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $238,426
- Estimated Expense Ratio: 0.578% 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 | $284,721 | — | $273,190 | — | — |
| 2023 | $282,985 | — | $241,892 | $24,780 | — |
| 2022 | $290,807 | $98,464 | $83,821 | — | $41,361 |