Plan Snapshot
- Plan Sponsor: Board Of Trustees Of The Ibew Local No. 716 Retirement Trust Fund
- Sponsor EIN: 316620547
- Sponsor Address: 8441 GULF FREEWAY, SUITE 304, HOUSTON, TX, 77017
- Plan Type: DC
- Total Participants: 5,375
- Total Assets: $131.6M
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 | 5,375 | $131.6M | $4.1M | $1.5M |
| 2023 | 5,147 | $117.0M | $4.3M | $1.5M |
| 2022 | 4,760 | $103.8M | $3.7M | $1.5M |
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 O | NONE | $296,188 | — | $296,188 |
| SEGAL MARCO | NONE | $50,000 | — | $50,000 |
| EDWARDS & LEATHERS, P.C. | NONE | $15,500 | — | $15,500 |
| BENEFIT RESOURCES, INC. | NONE | $11,250 | — | $11,250 |
| THE SEGAL COMPANY | NONE | $9,641 | — | $9,641 |
| PATRICK FLYNN | NONE | $7,202 | — | $7,202 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE SEGAL COMPANY — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $389,781
- Estimated Expense Ratio: 0.296% 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 | $482,822 | $432,331 | $11,250 | $15,500 | — |
| 2023 | $464,592 | $404,235 | $11,250 | $16,934 | — |
| 2022 | $495,839 | $401,932 | $11,250 | — | $52,037 |