Plan Snapshot
- Plan Sponsor: Ibew Local No. 347 & Iowa Chapter Of Neca, Joint Board Of Trustees
- Sponsor EIN: 454356227
- Sponsor Address: 5600 NEW KING DRIVE, SUITE 330, TROY, MI, 48098
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 3,410
- Total Assets: $431.6M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,410 | $431.6M | $19.7M | $1.9M |
| 2023 | 3,268 | $394.6M | $20.6M | $1.8M |
| 2022 | 2,865 | $330.1M | $19.8M | $1.6M |
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 | Other Service Provider | $361,230 | — | $361,230 |
| BLAKE & UHLIG | Other Service Provider | $105,149 | — | $105,149 |
| SOLXSYS ADMINISTRATIVE SOLUTIONS | Other Service Provider | $88,000 | — | $88,000 |
| FIDUCIENT ADVISORS | Other Service Provider | $52,908 | — | $52,908 |
| DEBOER & ASSOCIATES, PC | Auditor | $52,433 | — | $52,433 |
| COMPUSYS OF UTAH, INC. | Other Service Provider | $7,309 | — | $7,309 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DEBOER & ASSOCIATES, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $667,029
- Estimated Expense Ratio: 0.155% 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 | $722,725 | $52,908 | $95,309 | $38,950 | — |
| 2023 | $644,586 | $52,175 | $99,427 | $18,450 | — |
| 2022 | $569,258 | $51,500 | $78,279 | — | $84,453 |