# Neca-Ibew Local 480 Health & Welfare Plan
Source: https://planprovider.pro/companies/neca-ibew-local-480-510204433-501

> Neca-Ibew Local 480's Health & Welfare plan: 785 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Neca-Ibew Local 480

- **Sponsor EIN:** 510204433

- **Sponsor Address:** P.O. BOX 721119, BYRAM, MS, 392721119

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 785

- **Total Assets:** $14.2M

## 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|785|$14.2M|$9.2M|$131,949|

| 2023|689|$11.4M|$8.0M|$124,560|

| 2022|659|$10.5M|$7.5M|$125,806|

## 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|

| ANTHEM, INC.|Other Service Provider|$403,656|—|$403,656|

| AMERICAN BENEFIT CORPORATION|Other Service Provider|$136,837|—|$136,837|

| ROBERT J. HILL|Other Service Provider|$120,224|—|$120,224|

| MARY J. FOSHEE|Other Service Provider|$80,612|—|$80,612|

| MAXEY WANN, PLLC|Other Service Provider|$73,382|—|$73,382|

| BHA CONSULTING, LLC|Other Service Provider|$37,748|—|$37,748|

| TANN, BROWN & RUSS CO., PLLC|Other Service Provider|$28,700|—|$28,700|

| ANDERSON EXPRESS CARE CLINIC|Other Service Provider|$9,145|—|$9,145|

| UNION INSURANCE GROUP|Other Service Provider|$8,159|—|$8,159|

| INTL BROTH OF ELECTR WKRS LOCAL 480|Other Service Provider|$8,135|—|$8,135|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $906,598

- **Estimated Expense Ratio:** 6.393% 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|$952,734|—|$540,493|$28,700|—|

| 2023|$908,647|—|$531,155|$26,000|—|

| 2022|$820,275|—|$474,356|—|$97,190|

## Similar Plans

- [Mississippi Associated Builders & Contractors, INC.](https://planprovider.pro/companies/mississippi-associated-builders-contractors-inc-401k-plan) — 655 participants

- [Neca-Ibew Local 480](https://planprovider.pro/companies/neca-ibew-local-480-plan-001) — 516 participants

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