Plan Snapshot
- Plan Sponsor: I.A.T.S.E. Local Union No 51
- Sponsor EIN: 741389651
- Sponsor Address: PO BOX 403, HOUSTON, TX, 77001
- Plan Type: 401(k)
- Total Participants: 678
- Total Assets: $20.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 678 | $20.8M | $1.1M | $142,728 |
| 2023 | 644 | $18.7M | $1.1M | $142,047 |
| 2022 | 398 | $16.4M | $945,342 | $130,334 |
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 |
|---|---|---|---|---|
| I.A.T.S.E. LOCAL UNION NO. 51 | FUND OFFICE | $62,000 | — | $62,000 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $31,714 | — | $31,714 |
| PORTFOLIO ADVISORY COUNCIL LLC | INVESTMENT ADVISOR | $27,340 | — | $27,340 |
| FRIERSON, SOLA, SIMONTON & KUTAC, P | AUDITOR | $11,640 | — | $11,640 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $132,694
- Estimated Expense Ratio: 0.637% 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 | $80,820 | $31,760 | — | — | — |
| 2023 | $86,265 | $28,320 | — | — | — |
| 2022 | $82,380 | $26,341 | — | — | — |