Plan Snapshot
- Plan Sponsor: Ibew Local Union 305 Pension Plan Board Of Trustees
- Sponsor EIN: 350415460
- Sponsor Address: 136 CHAMBEAU ROAD, FORT WAYNE, IN, 46805
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 861
- Total Assets: $99.0M
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 | 861 | $99.0M | $6.2M | $0 |
| 2023 | 749 | $89.7M | $4.3M | $0 |
| 2022 | 737 | $76.3M | $3.2M | $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 ANNUITY INSURANCE CO. OF AM | Other Service Provider | $91,643 | — | $91,643 |
| EMPOWER ADVISORY GROUP, LLC | Other Service Provider | $40,899 | — | $40,899 |
| ALLOTTA, FARLEY CO., L.P.A. | Other Service Provider | $30,334 | — | $30,334 |
| CLARK, SCHAEFER, HACKETT & CO. | Other Service Provider | $23,200 | — | $23,200 |
| ONEDIGITAL INVESTMENT ADIVISORS LLC | Other Service Provider | $18,763 | — | $18,763 |
| SEGAL SELECT INSURANCE INC. | Other Service Provider | $18,431 | — | $18,431 |
| JULIE CARPENTER | Other Service Provider | $5,400 | — | $5,400 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $228,670
- Estimated Expense Ratio: 0.231% 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 | $214,570 | $37,523 | $5,400 | $24,250 | — |
| 2023 | $238,178 | $43,524 | $5,400 | $20,900 | — |
| 2022 | $177,521 | $34,670 | $84,488 | — | $43,876 |