# I.B.E.W Local Union No. 124 401(k) Plan
Source: https://planprovider.pro/companies/i-b-e-w-local-union-no-124-plan

> I.B.E.W Local Union No. 124's 401(k) plan: 3,232 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 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](https://planprovider.pro/provider/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|

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