# Ibew Local Union 288 And Neca Iowa Chapter, Joint Board Of Trustees 401(k) Plan
Source: https://planprovider.pro/companies/ibew-local-union-288-and-neca-iowa-chapter-joint-board-of-trustees-plan

> Ibew Local Union 288 And Neca Iowa Chapter, Joint Board Of Trustees's 401(k) plan: 213 participants, plan year 2024 financials, providers, and benchmarks fro…

Form 5500 filing data for plan year 2024.

## 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](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:** $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|

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