Plan Snapshot
- Plan Sponsor: I.B.E.W Local Union No. 124
- Sponsor EIN: 431269910
- Sponsor Address: 305 E. 103RD TERRACE, KANSAS CITY, MO, 64114
- Plan Type: 401(k)
- Total Participants: 3,232
- Total Assets: $156.5M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 3,232 | $156.5M | $0 | $10.8M |
| 2023 | 2,302 | $141.7M | $0 | $9.5M |
| 2022 | 3,101 | $118.4M | $0 | $8.2M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $155,204 | — | $155,204 |
| LOCAL UNION 124 BENEFIT OFFICE | PARTY-IN-INTEREST | $95,950 | — | $95,950 |
| ARNOLD, NEWBOLD, SOLLARS & HOLLINS | LEGAL | $66,426 | — | $66,426 |
| SEGAL MARCO ADVISORS | INVESTMENT ADVISORY | $20,322 | — | $20,322 |
| RUBINBROWN LLP | AUDITOR | $19,100 | — | $19,100 |
| CONSTRUCTION BENEFITS AUDIT CORP | NONE | $8,291 | — | $8,291 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RUBINBROWN LLP — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $365,293
- Estimated Expense Ratio: 0.233% 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 | $365,469 | $20,322 | $251,154 | $19,100 | — |
| 2023 | $370,336 | $20,489 | $254,745 | $18,200 | — |
| 2022 | $317,470 | $19,944 | $205,583 | — | $70,278 |