Plan Snapshot
- Plan Sponsor: I.B.E.W. Local No. 540 Security
- Sponsor EIN: 340225473
- Sponsor Address: 3660 STUTZ DRIVE, SUITE 101, CANFIELD, OH, 44406
- Plan Type: DC
- Total Participants: 889
- Total Assets: $89.7M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 889 | $89.7M | $4.2M | $1.2M |
| 2023 | 919 | $75.9M | $4.0M | $950,465 |
| 2022 | 820 | $63.2M | $3.9M | $824,781 |
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 |
|---|---|---|---|---|
| UBS FINANCIAL SERVICES INC. | INVESTMENT CONSULTANT | $70,000 | — | $70,000 |
| EMPOWER | RECORDKEEPER | $64,556 | — | $64,556 |
| MACALA & PIATT | ATTORNEY | $14,158 | — | $14,158 |
| BENESYS INC. | THIRD PARTY ADMINISTRATOR | $13,391 | — | $13,391 |
| YURCHYK & DAVIS CPA'S, INC | AUDITOR | $9,400 | — | $9,400 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EMPOWER — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $171,505
- Estimated Expense Ratio: 0.191% 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 | $321,596 | $70,000 | $13,141 | $9,400 | — |
| 2023 | $320,519 | $145,549 | $12,716 | $8,900 | — |
| 2022 | $396,456 | $300 | $64,610 | — | $86,239 |