Plan Snapshot
- Plan Sponsor: Ibew Local #481 Supplemental Unemployment Benefit Plan
- Sponsor EIN: 474203459
- Sponsor Address: 1828 N. MERIDIAN STREET, SUITE 103, INDIANAPOLIS, IN, 46202
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 2,315
- Total Assets: $9.4M
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 | 2,315 | $9.4M | $2.0M | $0 |
| 2023 | 1,906 | $8.6M | $1.6M | $0 |
| 2022 | 1,641 | $7.5M | $1.3M | $0 |
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 |
|---|---|---|---|---|
| WHITNEY KING | Other Service Provider | $40,828 | — | $40,828 |
| LISA SMITH | Other Service Provider | $31,492 | — | $31,492 |
| LEGACY PROFESSIONALS LLP | Auditor | $24,529 | — | $24,529 |
| LOOMIS SAYLES & COMPANY | Other Service Provider | $12,742 | — | $12,742 |
| LEDBETTER PARTNERS LLC | Other Service Provider | $8,680 | — | $8,680 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEGACY PROFESSIONALS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $118,271
- Estimated Expense Ratio: 1.264% 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 | $403,556 | $14,332 | — | $24,000 | — |
| 2023 | $379,527 | $13,881 | — | $23,500 | — |
| 2022 | $337,252 | $13,900 | — | — | $42,526 |