Plan Snapshot
- Plan Sponsor: Ibew Local Union No. 60 401(K) Plan
- Sponsor EIN: 316632806
- Sponsor Address: 6121 INDIAN SCHOOL RD NE, SUITE 123, ALBURQUERQUE, NM, 87110
- Plan Type: 401(k)
- Total Participants: 4,460
- Total Assets: $73.2M
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 | 4,460 | $73.2M | $7.8M | $3.2M |
| 2023 | 3,277 | $57.4M | $5.6M | $2.2M |
| 2022 | 2,506 | $44.2M | $5.9M | $2.4M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $159,618 | — | $159,618 |
| HARPER & PEARSON COMPANY PC | Other Service Provider | $89,609 | — | $89,609 |
| UBS FINANCIAL SERVICES INC | Investment Advisor | $71,129 | — | $71,129 |
| SOUTHWEST SERVICE | Other Service Provider | $42,273 | — | $42,273 |
| CONNER & WINTERS, LLP | ERISA Attorney | $27,469 | — | $27,469 |
| SEGAL SELECT INSURANCE INC | Other Service Provider | $9,068 | — | $9,068 |
| LETTERSTREAM INC | Other Service Provider | $8,263 | — | $8,263 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $407,429
- Estimated Expense Ratio: 0.557% 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 | $479,133 | $72,175 | $87,198 | $12,971 | — |
| 2023 | $322,094 | $192,743 | $44,789 | $47,604 | — |
| 2022 | $349,025 | $59,460 | $184,058 | — | $68,756 |