# Board Of Trustees Of The Pen. Plan For The Local Union No. 131 Ibew DC Plan
Source: https://planprovider.pro/companies/board-of-trustees-of-the-pen-plan-for-the-local-union-no-131-ibew-plan

> Board Of Trustees Of The Pen. Plan For The Local Union No. 131 Ibew's DC plan: 1,006 participants, plan year 2024 financials, providers, and benchmarks from…

Form 5500 filing data for plan year 2024.

## 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|

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