Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Neca-Ibew Lu 584 Profit Sharing Plan
- Sponsor EIN: 731407442
- Sponsor Address: 2425 N CENTRAL EXPY STE 120, RICHARDSON, TX, 750802714
- Plan Type: DC
- Total Participants: 1,224
- Total Assets: $33.4M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 1,224 | $33.4M | $1.8M | $970,133 |
| 2023 | 1,133 | $29.1M | $1.7M | $712,450 |
| 2022 | 1,174 | $24.7M | $1.5M | $622,119 |
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 |
|---|---|---|---|---|
| NECA IBEW LOCAL 584 | INVESTMENT ADVISORY | $184,676 | — | $184,676 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORD KEEPER | $106,560 | — | $106,560 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $106,560 | — | $106,560 |
| RBC WEALTH MANAGEMENT | INVESTMENT MANAGER | $47,117 | — | $47,117 |
| SOUTHWEST BENEFIT ADMINISTRATORS | CONTRACT ADMINISTRATOR | $30,225 | — | $30,225 |
| ACCOUNTING SOLUTIONS GROUP LLC | AUDITOR | $11,075 | — | $11,075 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RBC WEALTH MANAGEMENT — INVESTMENT MANAGER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $486,213
- Estimated Expense Ratio: 1.455% 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 | $243,876 | $47,117 | $27,533 | $11,075 | — |
| 2023 | $230,621 | $39,296 | $25,317 | $10,750 | — |
| 2022 | $216,080 | $90,709 | $26,825 | — | $71,799 |