Plan Snapshot
- Plan Sponsor: Ibew Local 38 401(K) Retirement Plan
- Sponsor EIN: 341619944
- Sponsor Address: 3250 EUCLID AVENUE, ROOM 270, CLEVELAND, OH, 44115
- Plan Type: DC
- Total Participants: 2,194
- Total Assets: $168.3M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,194 | $168.3M | $8.3M | $7.4M |
| 2023 | 1,761 | $146.5M | $6.0M | $6.2M |
| 2022 | 1,695 | $127.7M | $4.7M | $6.0M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORD KEEPER | $110,333 | — | $110,333 |
| IBEW LOCAL 38 FRINGE BENEFIT FUND | COLLECTION FUND | $86,066 | — | $86,066 |
| SEGAL MARCO ADVISORS | INVESTMENT CONSULTANT | $40,000 | — | $40,000 |
| ALLOTTA FARLEY CO., LPA | ATTORNEY | $15,918 | — | $15,918 |
| YURCHYK & DAVIS CPA'S, INC. | AUDITOR | $13,900 | — | $13,900 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORD KEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $266,217
- Estimated Expense Ratio: 0.158% 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 | $574,233 | $40,000 | $86,066 | $13,900 | — |
| 2023 | $557,381 | $40,000 | $103,546 | $12,900 | — |
| 2022 | $524,854 | $40,000 | $111,169 | — | $22,672 |