# I.B.E.W. Local No. 540 Security DC Plan
Source: https://planprovider.pro/companies/i-b-e-w-local-no-540-security-plan

> I.B.E.W. Local No. 540 Security's DC plan: 889 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|

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