Plan Snapshot
- Plan Sponsor: Ibew Union Local 129
- Sponsor EIN: 346701406
- Sponsor Address: 5600 NEW KING DRIVE, SUITE 330, TROY, MI, 48098
- Plan Type: DB
- Plan Number: 001
- Total Participants: 314
- Total Assets: $122.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 314 | $122.7M | $3.4M | $0 |
| 2023 | 287 | $116.9M | $2.7M | $0 |
| 2022 | 271 | $109.3M | $2.8M | $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 |
|---|---|---|---|---|
| NEWPORT INVESTMENT ADVISORS | Other Service Provider | $113,337 | — | $113,337 |
| AMERICAN REALTY ADVISORS | Other Service Provider | $94,560 | — | $94,560 |
| SOLXSYS ADMINISTRATIVE SOLUTIONS | Other Service Provider | $80,520 | — | $80,520 |
| ULLICO INVESTMENT SERVICES | Other Service Provider | $71,981 | — | $71,981 |
| HORIZON ACTUARIAL SERVICES, LLC | Other Service Provider | $67,275 | — | $67,275 |
| DGPERRY, PLLC | Auditor | $53,473 | — | $53,473 |
| MARINER WEALTH ADVISORS, LLC | Other Service Provider | $43,333 | — | $43,333 |
| TODD ASSOCIATES, INC. | Investment Advisor | $31,657 | — | $31,657 |
| NATIONAL REAL ESTATE ADVISORS LLC | Other Service Provider | $29,211 | — | $29,211 |
| ALLOTTA FARLEY CO LPA | Other Service Provider | $27,339 | — | $27,339 |
| GARCIA HAMILTON & ASSOCIATES | Other Service Provider | $19,944 | — | $19,944 |
| KEY BANK NATIONAL ASSOCIATION | Investment Advisor | $16,533 | — | $16,533 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DGPERRY, PLLC — Auditor
- TODD ASSOCIATES, INC. — Investment Advisor
- KEY BANK NATIONAL ASSOCIATION — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $649,163
- Estimated Expense Ratio: 0.529% 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 | $708,557 | $388,899 | $79,574 | $53,837 | — |
| 2023 | $673,068 | $382,852 | $107,038 | $11,148 | — |
| 2022 | $720,637 | $390,616 | $140,506 | — | $101,352 |