Plan Snapshot
- Plan Sponsor: Board Of Trustees - Tidewater Electrical Industry Pension Fund
- Sponsor EIN: 546127076
- Sponsor Address: 5305 VIRGINIA BEACH BLVD., NORFOLK, VA, 23502
- Plan Type: DB
- Total Participants: 466
- Total Assets: $65.1M
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 | 466 | $65.1M | $2.5M | $0 |
| 2023 | 381 | $57.7M | $2.2M | $0 |
| 2022 | 463 | $50.0M | $2.7M | $0 |
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 |
|---|---|---|---|---|
| BOSTON PARTNERS | Other Service Provider | $116,632 | — | $116,632 |
| SOUTHERN BENEFIT ADMINISTRATORS | Other Service Provider | $84,356 | — | $84,356 |
| LOOMIS, SAYLES & COMPANY, L.P. | Other Service Provider | $68,524 | — | $68,524 |
| POLEN CAPITAL | Other Service Provider | $39,928 | — | $39,928 |
| RAYMOND JAMES | Recordkeeper | $34,644 | — | $34,644 |
| FAYEZ SAROFIN & COMPANY | Other Service Provider | $26,135 | — | $26,135 |
| DANIELS, IRWIN & AYLOR | Auditor | $18,525 | — | $18,525 |
| STRANCH, JENNINGS & GARVEY PLLC | Other Service Provider | $17,747 | — | $17,747 |
| CHEVY CHASE TRUST | Other Service Provider | $17,580 | — | $17,580 |
| UNITED ACTUARIAL SERVICES | Other Service Provider | $6,400 | — | $6,400 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAYMOND JAMES — Recordkeeper
- DANIELS, IRWIN & AYLOR — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $430,471
- Estimated Expense Ratio: 0.661% 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 | $504,785 | $303,444 | $57,600 | $18,525 | — |
| 2023 | $450,853 | $263,897 | $57,600 | $18,475 | — |
| 2022 | $424,238 | $255,491 | $57,600 | — | $32,163 |