# Ibew Local 38 401(K) Retirement Plan DC Plan
Source: https://planprovider.pro/companies/ibew-local-38-401-k-retirement-plan-plan

> Ibew Local 38 401(K) Retirement Plan's DC plan: 2,194 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/transamerica) — 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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/ibew-local-38-401-k-retirement-plan-plan)

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