Plan Snapshot
- Plan Sponsor: Ibew Local Union No. 124
- Sponsor EIN: 431269910
- Sponsor Address: 305 E. 103RD TERRACE, KANSAS CITY, MO, 64114
- Plan Type: DC
- Total Participants: 3,754
- Total Assets: $447.2M
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 | 3,754 | $447.2M | $26.9M | $0 |
| 2023 | 3,513 | $394.5M | $21.3M | $0 |
| 2022 | 3,387 | $327.9M | $17.4M | $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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $213,342 | — | $213,342 |
| LOCAL UNION 124 BENEFIT OFFICE | PARTY-IN-INTEREST | $165,169 | — | $165,169 |
| ARNOLD, NEWBOLD, SOLLARS & HOLLINS | LEGAL | $80,760 | — | $80,760 |
| SEGAL MARCO ADVISORS | INVESTMENT ADVISORY | $20,330 | — | $20,330 |
| RUBINBROWN LLP | AUDITOR | $19,100 | — | $19,100 |
| RUBINBROWN LLC | Auditor | $19,100 | — | $19,100 |
| CONSTRUCTION BENEFITS AUDIT CORP | NONE | $15,541 | — | $15,541 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RUBINBROWN LLP — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $533,342
- Estimated Expense Ratio: 0.119% 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 | $513,779 | $20,330 | $378,048 | $19,100 | — |
| 2023 | $525,576 | $22,052 | $381,683 | $18,200 | — |
| 2022 | $444,522 | $20,000 | $310,615 | — | $112,196 |