# Ibew Local #481 Supplemental Unemployment Benefit Plan Health & Welfare Plan
Source: https://planprovider.pro/companies/ibew-local-481-supplemental-unemployment-benefit-plan-474203459-501

> Ibew Local #481 Supplemental Unemployment Benefit Plan's Health & Welfare plan: 2,315 participants, plan year 2024 financials, providers, and benchmarks from…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|

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