Plan Snapshot
- Plan Sponsor: Michigan Upper Peninsula Ibew
- Sponsor EIN: 363020872
- Sponsor Address: 130 W WASHINGTON ST SUITE L-9, MARQUETTE, MI, 49855
- Plan Type: DB
- Total Participants: 281
- Total Assets: $102.6M
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 | 281 | $102.6M | $5.9M | $0 |
| 2023 | 256 | $90.0M | $5.2M | $0 |
| 2022 | 255 | $78.3M | $4.5M | $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 |
|---|---|---|---|---|
| BENDA, GRACE STULZ & COMPANY, P.C. | Auditor | $16,200 | — | $16,200 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $16,200
- Estimated Expense Ratio: 0.016% 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 | $515,664 | $40,000 | $162,000 | $16,200 | — |
| 2023 | $463,774 | $40,500 | $133,078 | $15,400 | — |
| 2022 | $559,625 | $270,806 | $127,640 | — | $90,085 |