# Board Of Trustees Of Ibew Neca Conduit 401k Plan 401(k) Plan
Source: https://planprovider.pro/companies/board-of-trustees-of-ibew-neca-conduit-401k-plan-401k-plan

> Board Of Trustees Of Ibew Neca Conduit 401k Plan's 401(k) plan: 1,826 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/john-hancock) — NONE

- [KERBER, ECK & BRAECKEL LLP](https://planprovider.pro/provider/kerber-eck-and-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|

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