Plan Snapshot
- Plan Sponsor: Board Of Trustees Of International Brotherhood Of Electrical Workers
- Sponsor EIN: 751679061
- Sponsor Address: PO BOX 669, AMARILLO, TX, 79105
- Plan Type: DC
- Total Participants: 2,531
- Total Assets: $94.5M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,531 | $94.5M | $6.5M | $0 |
| 2023 | 1,513 | $88.8M | $5.6M | $0 |
| 2022 | 1,010 | $81.5M | $4.5M | $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 |
|---|---|---|---|---|
| SMDW CPA | NONE | $108,390 | — | $108,390 |
| CLIFTONLARSONALLEN LLP | NONE | $69,745 | — | $69,745 |
| BENEFIT PLANS ADMINISTRATOES, INC. | NONE | $61,785 | — | $61,785 |
| CONNER & WINTERS LLP | NONE | $41,602 | — | $41,602 |
| AMARILLO BANK | NONE | $37,771 | — | $37,771 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — NONE
- BENEFIT PLANS ADMINISTRATOES, INC. — NONE
- CONNER & WINTERS LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $319,293
- Estimated Expense Ratio: 0.338% 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 | $245,097 | $170,471 | $63,120 | — | — |
| 2023 | $349,361 | — | — | $61,850 | — |
| 2022 | $421,804 | $134,568 | $137,000 | — | $134,970 |