# Neca-Ibew Local 480 DC Plan
Source: https://planprovider.pro/companies/neca-ibew-local-480-plan-001

> Neca-Ibew Local 480's DC plan: 516 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:** 646153349

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

- **Plan Type:** DC

- **Total Participants:** 516

- **Total Assets:** $111.8M

## 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:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|516|$111.8M|$0|$0|

| 2023|485|$99.7M|$0|$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|

| TANN, BROWN & RUSS CO., PLLC|Auditor|$34,500|—|$34,500|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $34,500

- **Estimated Expense Ratio:** 0.031% 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|$243,287|$40,031|$54,230|$34,500|—|

| 2023|$230,129|$67,024|—|—|$75,128|

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