# Brotherhood Maintenance Of Way Employes Division Of Ibt Health & Welfare Plan
Source: https://planprovider.pro/companies/brotherhood-maintenance-of-way-employes-division-of-ibt-386004309-501

> Brotherhood Maintenance Of Way Employes Division Of Ibt's Health & Welfare plan: 126 participants, plan year 2024 financials, providers, and benchmarks from…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Brotherhood Maintenance Of Way Employes Division Of Ibt

- **Sponsor EIN:** 386004309

- **Sponsor Address:** 41475 GARDENBROOK, NOVI, MI, 48375

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 126

- **Total Assets:** $4.7M

## 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|126|$4.7M|$3.0M|$0|

| 2023|136|$5.1M|$5.2M|$0|

| 2022|116|$3.1M|$3.7M|$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|

| CLARENCE H JOHNSON, CPA, PC|Other Service Provider|$17,854|—|$17,854|

| MORGAN STANLEY|Investment Advisor|$14,380|—|$14,380|

| FLEX ADMINISTRATORS, INC.|Other Service Provider|$8,293|—|$8,293|

| HERZFELD, SUETHOLZ, GASTEL, LENISKI|Other Service Provider|$7,898|—|$7,898|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [MORGAN STANLEY](https://planprovider.pro/provider/morgan-stanley) — Investment Advisor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $48,425

- **Estimated Expense Ratio:** 1.027% 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|$53,950|$14,380|—|$17,854|—|

| 2023|$56,034|$11,277|$8,680|$19,343|—|

| 2022|$50,913|$7,668|$8,864|—|$32,390|

## Similar Plans

- [Brotherhood Of Maintenance Of Way Employes Division Of Ibt](https://planprovider.pro/companies/brotherhood-of-maintenance-of-way-employes-division-of-ibt-plan) — 33 participants

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