Plan Snapshot
- Plan Sponsor: Ibew Local Union 668
- Sponsor EIN: 311252733
- Sponsor Address: 2535 S 30TH ST., SUITE ONE, LAFAYETTE, IN, 479052786
- Plan Type: DC
- Plan Number: 002
- Total Participants: 1,317
- Total Assets: $96.0M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,317 | $96.0M | $4.2M | $0 |
| 2023 | 1,260 | $85.4M | $5.0M | $0 |
| 2022 | 1,162 | $69.0M | $4.6M | $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 SERVICES | Recordkeeper | $110,421 | — | $110,421 |
| UMR, INC. | Other Service Provider | $23,400 | — | $23,400 |
| MARINER INSTITUTIONAL, LLC | Other Service Provider | $17,500 | — | $17,500 |
| L.M. HENDERSON & COMPANY, LLC | Other Service Provider | $14,600 | — | $14,600 |
| THE THOMPSON GROUP | Other Service Provider | $6,586 | — | $6,586 |
| JOHNSON & KROL, LLC | Other Service Provider | $6,297 | — | $6,297 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK RETIREMENT SERVICES — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $178,804
- Estimated Expense Ratio: 0.186% 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 | $189,080 | $127,921 | $23,400 | $14,600 | — |
| 2023 | $187,468 | $128,886 | $23,400 | $14,165 | — |
| 2022 | $162,567 | — | $162,567 | — | — |