Plan Snapshot
- Plan Sponsor: Board Of Trustees Of The Deferred Salary Plan Of The Electrical Ind
- Sponsor EIN: 112656063
- Sponsor Address: 158-11 HARRY VAN ARSDALE JR AVENUE, FLUSHING, NY, 11365
- Plan Type: DC
- Total Participants: 23,406
- Total Assets: $8.0B
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 | 23,406 | $8.0B | $332.0M | $157.9M |
| 2023 | 27,777 | $7.5B | $334.0M | $158.9M |
| 2022 | 25,873 | $6.9B | $349.7M | $166.0M |
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 |
|---|---|---|---|---|
| JOINT INDUSTRY BOARD | PLAN ADMINISTRATOR | $2,537,079 | — | $2,537,079 |
| EMPOWER ANNUITY INS CO OF AMERICA | NONE | $1,365,193 | — | $1,365,193 |
| SEGAL MARCO ADVISORS | NONE | $158,291 | — | $158,291 |
| COHEN, WEISS AND SIMON LLP | NONE | $102,181 | — | $102,181 |
| STATE STREET BANK & TRUST COMPANY | NONE | $74,692 | — | $74,692 |
| ALLIANT INSURANCE SERVICES INC. | NONE | $53,458 | — | $53,458 |
| THE SEGAL COMPANY | NONE | $31,675 | — | $31,675 |
| RSM US LLP | NONE | $15,000 | — | $15,000 |
| DEUTSCHE BANK | NONE | $8,274 | — | $8,274 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RSM US LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,345,843
- Estimated Expense Ratio: 0.054% 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 | $8,685,659 | $4,543,094 | $2,537,079 | $15,000 | — |
| 2023 | $4,391,066 | $142,896 | $2,567,802 | — | — |
| 2022 | $9,456,165 | $5,066,748 | $3,761,094 | — | $78,350 |