Plan Snapshot
- Plan Sponsor: International Brotherhood Of Electrical Workers Local 1392
- Sponsor EIN: 356034831
- Sponsor Address: 6525 CENTURION DRIVE, LANSING, MI, 48917
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 32
- Total Assets: $172,256
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 | 32 | $172,256 | $604,664 | $106,728 |
| 2023 | 38 | $139,049 | $562,462 | $125,158 |
| 2022 | 39 | $144,905 | $542,405 | $115,802 |
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 |
|---|---|---|---|---|
| TIC INTERNATIONAL, INC. | Other Service Provider | $26,933 | — | $26,933 |
| HUB INTERNATIONAL | Other Service Provider | $26,333 | — | $26,333 |
| ANTHEM BLUE CROSS & BLUE SHIELD | Other Service Provider | $14,193 | — | $14,193 |
| CHERRY BEKAERT LLP | Other Service Provider | $9,975 | — | $9,975 |
| ALLIED BENEFIT SYSTEMS, INC. | Other Service Provider | $8,551 | — | $8,551 |
| MAY, OBERFELL, LORBER LAW FIRM | Other Service Provider | $8,349 | — | $8,349 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $94,334
- Estimated Expense Ratio: 54.764% 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 | $788,787 | — | — | — | — |
| 2023 | $654,326 | — | — | — | — |
| 2022 | $800,098 | — | — | — | — |