# Ibew Local Union 305 Pension Plan Board Of Trustees 401(k) Plan
Source: https://planprovider.pro/companies/ibew-local-union-305-pension-plan-board-of-trustees-350415460-001

> Ibew Local Union 305 Pension Plan Board Of Trustees's 401(k) plan: 861 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 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|

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