Plan Snapshot
- Plan Sponsor: Maryland Electrical Ind Pension
- Sponsor EIN: 521057284
- Sponsor Address: 9200 US ROUTE 60, ONA, WV, 255457417
- Plan Type: DB
- Total Participants: 1,868
- Total Assets: $289.4M
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 | 1,868 | $289.4M | $15.7M | $0 |
| 2023 | 1,784 | $267.8M | $13.4M | $0 |
| 2022 | 1,667 | $255.7M | $14.4M | $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 |
|---|---|---|---|---|
| WITHUMSMITH+BROWN, PC | Auditor | $25,206 | — | $25,206 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUMSMITH+BROWN, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $25,206
- Estimated Expense Ratio: 0.009% 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 | $1,423,694 | $466,144 | $325,209 | $25,206 | — |
| 2023 | $1,380,186 | $592,625 | $299,921 | $23,100 | — |
| 2022 | $1,219,652 | $439,506 | $291,185 | — | $311,241 |