# Ibew Union Local 129 DB Plan
Source: https://planprovider.pro/companies/ibew-union-local-129-plan

> Ibew Union Local 129's DB plan: 314 participants, plan year 2025 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2025.

## 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

- **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.|

| 2025|314|$122.7M|$0|$0|

| 2024|287|$116.9M|$0|$0|

| 2023|271|$109.3M|$0|$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|

| DGPERRY|Auditor|$53,837|—|$53,837|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [DGPERRY](https://planprovider.pro/provider/dgperry-pllc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $53,837

- **Estimated Expense Ratio:** 0.044% 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|

| 2025|$708,557|$388,899|$79,574|$53,837|—|

| 2024|$673,068|$382,852|$107,038|$11,148|—|

| 2023|$720,637|$390,616|$140,506|—|$101,352|

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