Plan Snapshot
- Plan Sponsor: Board Of Trustees Of The Ibew Local No. 58 Annuity Fund
- Sponsor EIN: 382749515
- Sponsor Address: PO BOX 71337, MADISON HEIGHTS, MI, 480710337
- Plan Type: DC
- Total Participants: 5,364
- Total Assets: $919.4M
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 | 5,364 | $919.4M | $29.2M | $18.9M |
| 2023 | 5,385 | $820.7M | $27.9M | $17.3M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | NONE | $264,450 | — | $264,450 |
| MORGAN STANLEY | NONE | $215,000 | — | $215,000 |
| CHRISTINA MILLS-TURKALY | EMPLOYEE (WAGES PAID) | $75,500 | — | $75,500 |
| E CRAIG YOUNG | EMPLOYEE (WAGES PAID) | $71,851 | — | $71,851 |
| SAMUEL LUKAS | EMPLOYEE (WAGES PAID) | $48,100 | — | $48,100 |
| MCCLAIN SMITH & WENZ PC | AUDITOR OF PARENT ORGANIZ | $32,288 | — | $32,288 |
| WATKINS PAWLICK CALATI & PRIFTI, PC | NONE | $25,532 | — | $25,532 |
| SOLXSYS ADMINISTRATIVE SOLUTIONS | NONE | $23,617 | — | $23,617 |
| AUXIOM | NONE | $12,749 | — | $12,749 |
| BENESYS INC | NONE | $7,182 | — | $7,182 |
| MACQUEEN INSURANCE | NONE | $7,050 | — | $7,050 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — NONE
- MCCLAIN SMITH & WENZ PC — AUDITOR OF PARENT ORGANIZ
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $783,319
- Estimated Expense Ratio: 0.085% 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 | $1,098,744 | $215,000 | — | $32,288 | — |
| 2023 | $1,199,155 | $215,000 | — | $36,612 | — |