# Board Of Trustees Of Neca-Ibew Lu 584 Profit Sharing Plan DC Plan
Source: https://planprovider.pro/companies/board-of-trustees-of-neca-ibew-lu-number-584-profit-sharing-plan-plan

> Board Of Trustees Of Neca-Ibew Lu 584 Profit Sharing Plan's DC plan: 1,224 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 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](https://planprovider.pro/provider/royal-bank-of-canada) — 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|

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