# Ibew Local Union 129 DC Plan
Source: https://planprovider.pro/companies/ibew-local-union-129-plan

> Ibew Local Union 129's DC plan: 335 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/empower) — NONE

- [DGPERRY CPAS + ADVISORS](https://planprovider.pro/provider/dgperry-pllc) — 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|—|—|

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