# Ibew Local Union 325 403(b) Plan
Source: https://planprovider.pro/companies/ibew-local-union-325-403b-plan

> Ibew Local Union 325&#39;s 403(b) plan: 385 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 325

- **Sponsor EIN:** 161368200

- **Sponsor Address:** 142 CORPORATE DRIVE, BINGHAMTON, NY, 139043213

- **Plan Type:** 403(b)

- **Total Participants:** 385

- **Total Assets:** $40.5M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** Yes

- **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|385|$40.5M|$0|$0|

| 2023|382|$37.3M|$0|$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|

| D'ARCANGELO & CO., LLC|Auditor|$14,100|—|$14,100|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $14,100

- **Estimated Expense Ratio:** 0.035% 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|$414,422|$329,576|—|$14,100|—|

| 2023|$280,212|$199,838|—|—|$39,113|

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