# Ibew Local Union 347 & Iowa Chapter Of Neca Board Of Trustees Health & Welfare Plan
Source: https://planprovider.pro/companies/ibew-local-union-347-iowa-chapter-of-neca-board-of-trustees-237091121-501

> Ibew Local Union 347 & Iowa Chapter Of Neca Board Of Trustees's Health & Welfare plan: 2,099 participants, plan year 2025 financials, providers, and benchmar…

Form 5500 filing data for plan year 2025.

## Plan Snapshot

- **Plan Sponsor:** Ibew Local Union 347 & Iowa Chapter Of Neca Board Of Trustees

- **Sponsor EIN:** 237091121

- **Sponsor Address:** 5600 NEW KING DRIVE, SUITE 330, TROY, MI, 48098

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 2,099

- **Total Assets:** $92.6M

## 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.|

| 2025|2,099|$92.6M|$0|$0|

| 2024|2,242|$89.9M|$38.2M|$451,744|

| 2023|2,136|$73.5M|$35.5M|$497,312|

| 2022|1,998|$60.6M|$32.9M|$605,964|

## 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|

| UNITED HEALTHCARE INSURANCE COMPANY|Other Service Provider|$1,122,321|$17,574|$1,139,895|

| SOLXSYS ADMINISTRATIVE SOLUTIONS|Other Service Provider|$403,242|—|$403,242|

| BLAKE & UHLIG|Other Service Provider|$228,802|—|$228,802|

| UNITED ACTUARIAL SERVICE|Other Service Provider|$77,727|—|$77,727|

| DEBOER & ASSOCIATES, PC|Other Service Provider|$55,785|—|$55,785|

| COMMUNITY STATE BANK|Other Service Provider|$47,409|—|$47,409|

| FIDUCIENT ADVISORS|Other Service Provider|$30,800|—|$30,800|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $1,983,660

- **Estimated Expense Ratio:** 2.141% 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|

| 2025|$36,944,414|$30,800|$1,854,704|$31,900|—|

| 2024|$2,188,683|$29,900|$1,675,947|$36,000|—|

| 2023|$1,849,781|$28,400|$1,384,979|$30,505|—|

| 2022|$1,869,702|$52,720|$269,083|—|$301,681|

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