# Board Of Trustees Of The Ibew Local No. 716 Retirement Trust Fund DC Plan
Source: https://planprovider.pro/companies/board-of-trustees-of-the-ibew-local-no-716-retirement-trust-fund-plan

> Board Of Trustees Of The Ibew Local No. 716 Retirement Trust Fund's DC plan: 5,375 participants, plan year 2024 financials, providers, and benchmarks from Fo…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/milliman) — 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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/board-of-trustees-of-the-ibew-local-no-716-retirement-trust-fund-plan)

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