Plan Snapshot
- Plan Sponsor: Board Of Trustees Of The Pen. Plan For The Local Union No. 131 Ibew
- Sponsor EIN: 386234993
- Sponsor Address: 2002 LONDON ROAD, SUITE 300, DULUTH, MN, 55812
- Plan Type: DC
- Total Participants: 1,006
- Total Assets: $111.6M
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 | 1,006 | $111.6M | $6.9M | $327,266 |
| 2023 | 1,001 | $102.6M | $5.5M | $234,275 |
| 2022 | 975 | $91.7M | $4.9M | $268,502 |
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 |
|---|---|---|---|---|
| BENDA, GRACE, STULZ & COMPANY, P.C. | Auditor | $13,600 | — | $13,600 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,600
- Estimated Expense Ratio: 0.012% 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 | $230,259 | $68,500 | $43,470 | $13,600 | — |
| 2023 | $203,517 | $68,500 | $36,023 | $12,500 | — |
| 2022 | $188,190 | $93,707 | $20,389 | — | $48,890 |