Plan Snapshot
- Plan Sponsor: Ibew Local Union 129
- Sponsor EIN: 341414182
- Sponsor Address: 5600 NEW KING DRIVE, SUITE 330, TROY, MI, 48098
- Plan Type: DC
- Total Participants: 335
- Total Assets: $52.5M
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 | 335 | $52.5M | $1.9M | $204,532 |
| 2023 | 387 | $48.4M | $1.4M | $0 |
| 2022 | 370 | $42.3M | $1.5M | $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 |
|---|---|---|---|---|
| EMPOWER RETIREMENT | NONE | $49,274 | — | $49,274 |
| DGPERRY CPAS + ADVISORS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EMPOWER RETIREMENT — NONE
- DGPERRY CPAS + ADVISORS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $49,274
- Estimated Expense Ratio: 0.094% 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 | $49,401 | — | $49,401 | — | — |
| 2023 | $36,489 | — | $36,489 | — | — |
| 2022 | $39,335 | — | $39,335 | — | — |