Plan Snapshot
- Plan Sponsor: Ibew Local Union No 226
- Sponsor EIN: 486171386
- Sponsor Address: 4101 SOUTHGATE DRIVE, SUITE A, TOPEKA, KS, 666091352
- Plan Type: DC
- Total Participants: 843
- Total Assets: $12.0M
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 | 843 | $12.0M | $2.3M | $515,665 |
| 2023 | 663 | $8.3M | $2.0M | $335,748 |
| 2022 | 643 | $5.1M | $1.6M | $264,170 |
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 | Recordkeeper | $86,389 | — | $86,389 |
| IBEW LOCAL UNION 226 | Recordkeeper | $36,363 | — | $36,363 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $122,752
- Estimated Expense Ratio: 1.025% 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 | $122,744 | $16,411 | $106,333 | — | — |
| 2023 | $85,268 | $4,998 | $80,270 | — | — |
| 2022 | $55,732 | $4,398 | $43,585 | — | $7,749 |