# Ibew Local Union 481 Defined Contribution 401(k) Plan
Source: https://planprovider.pro/companies/ibew-local-union-481-defined-contribution-351501496-003

> Ibew Local Union 481 Defined Contribution's 401(k) plan: 3,110 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 481 Defined Contribution

- **Sponsor EIN:** 351501496

- **Sponsor Address:** 1828 N. MERIDIAN STREET, INDIANAPOLIS, IN, 46202

- **Plan Type:** 401(k)

- **Plan Number:** 003

- **Total Participants:** 3,110

- **Total Assets:** $295.7M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|3,110|$295.7M|$16.5M|$245,550|

| 2023|2,994|$268.4M|$13.6M|$0|

| 2022|2,820|$246.3M|$11.4M|$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|

| JOHN HANCOCK RETIREMENT PLAN SERVIC|Recordkeeper|$214,503|—|$214,503|

| MORGAN STANLEY SMITH BARNEY LLC|Other Service Provider|$75,000|—|$75,000|

| DAVID RAY|Recordkeeper|$72,055|—|$72,055|

| LEDBETTER PARTNERS, LLC|Other Service Provider|$39,560|—|$39,560|

| LEGACY PROFESSIONALS LLP|Auditor|$36,862|—|$36,862|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [JOHN HANCOCK RETIREMENT PLAN SERVIC](https://planprovider.pro/provider/john-hancock) — Recordkeeper

- [LEGACY PROFESSIONALS LLP](https://planprovider.pro/provider/legacy-professionals-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $437,980

- **Estimated Expense Ratio:** 0.148% 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|$646,559|$75,000|—|$32,000|—|

| 2023|$550,423|$75,000|—|$31,000|—|

| 2022|$550,770|$264,266|—|—|$54,604|

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