Plan Snapshot
- Plan Sponsor: Ibew Local Union 288 And Neca Iowa Chapter, Joint Board Of Trustees
- Sponsor EIN: 562364219
- Sponsor Address: 1695 BURTON AVE, WATERLOO, IA, 50703
- Plan Type: 401(k)
- Total Participants: 213
- Total Assets: $28.3M
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 | 213 | $28.3M | $1.4M | $56,639 |
| 2023 | 203 | $25.3M | $1.5M | $49,447 |
| 2022 | 173 | $21.3M | $1.3M | $42,531 |
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 & ASSOCIATES, PC | Auditor | $11,450 | — | $11,450 |
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: $11,450
- Estimated Expense Ratio: 0.040% 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 | $128,100 | $21,025 | $11,890 | $11,450 | — |
| 2023 | $110,193 | $19,263 | $11,605 | $11,250 | — |
| 2022 | $98,616 | $18,420 | $32,036 | — | $26,982 |