# International Brotherhood Of Elec Workers Union Local 7 401(k) Plan
Source: https://planprovider.pro/companies/international-brotherhood-of-elec-workers-union-local-7-042733497-002

> International Brotherhood Of Elec Workers Union Local 7's 401(k) plan: 830 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** International Brotherhood Of Elec Workers Union Local 7

- **Sponsor EIN:** 042733497

- **Sponsor Address:** 321 RESEARCH PKWY STE 110, MERIDEN, CT, 064508340

- **Plan Type:** 401(k)

- **Plan Number:** 002

- **Total Participants:** 830

- **Total Assets:** $78.2M

## 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|830|$78.2M|$4.6M|$0|

| 2023|821|$73.2M|$4.3M|$0|

| 2022|803|$66.0M|$4.1M|$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|

| TRANSAMERICA RETIREMENT SOLUTIONS|Recordkeeper|$146,983|—|$146,983|

| REID AND RIEGE PC|ERISA Attorney|$37,231|—|$37,231|

| SOLXSYS ADMINISTRATIVE SOLUTIONS|Recordkeeper|$34,000|—|$34,000|

| LAPIER, DILLON & ASSOCIATES, P.C.|Auditor|$14,232|—|$14,232|

| ZENITH AMERICAN SOLUTIONS|Recordkeeper|$8,442|—|$8,442|

| SEGAL MARCO ADVISORS|Investment Advisor|$5,000|—|$5,000|

### Verified Provider Profiles

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

- [TRANSAMERICA RETIREMENT SOLUTIONS](https://planprovider.pro/provider/transamerica) — Recordkeeper

- [LAPIER, DILLON & ASSOCIATES, P.C.](https://planprovider.pro/provider/lapier-dillon-and-associates-pc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $245,888

- **Estimated Expense Ratio:** 0.315% 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|$280,219|$152,254|$42,442|$14,232|—|

| 2023|$356,050|$191,959|$32,535|$22,429|—|

| 2022|$296,512|$198,621|$33,768|—|$41,064|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/international-brotherhood-of-elec-workers-union-local-7-042733497-002)

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