# Ibew Local No. 347 & Iowa Chapter Of Neca, Joint Board Of Trustees 401(k) Plan
Source: https://planprovider.pro/companies/ibew-local-no-347-iowa-chapter-of-neca-joint-board-of-trustees-plan

> Ibew Local No. 347 & Iowa Chapter Of Neca, Joint Board Of Trustees's 401(k) plan: 3,410 participants, plan year 2025 financials, providers, and benchmarks fr…

Form 5500 filing data for plan year 2025.

## 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)

- **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.|

| 2025|3,410|$431.6M|$0|$0|

| 2024|3,268|$394.6M|$0|$0|

| 2023|2,865|$330.1M|$0|$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|

| DEBOER AND ASSOCIATES, PC|Auditor|$38,950|—|$38,950|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [DEBOER AND ASSOCIATES, PC](https://planprovider.pro/provider/deboer-and-associates-pc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $38,950

- **Estimated Expense Ratio:** 0.009% 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|

| 2025|$722,725|$52,908|$95,309|$38,950|—|

| 2024|$644,586|$52,175|$99,427|$18,450|—|

| 2023|$569,258|$51,500|$78,279|—|$84,453|

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