Plan Snapshot
- Plan Sponsor: Power Engineers, INC Voluntary Employee Beneficiary Trust
- Sponsor EIN: 900474836
- Sponsor Address: 2041 S. COBALT POINT WAY, MERIDIAN, ID, 83642
- Plan Type: Health & Welfare
- Plan Number: 505
- Total Participants: 3,331
- Total Assets: $8.6M
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 | 3,331 | $8.6M | $52.5M | $19.4M |
| 2023 | 3,288 | $5.9M | $45.2M | $16.4M |
| 2022 | 2,952 | $5.1M | $34.8M | $14.0M |
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 |
|---|---|---|---|---|
| BLUE CROSS OF IDAHO | Other Service Provider | $5,515,822 | — | $5,515,822 |
| DELTA DENTAL OF IDAHO | Other Service Provider | $207,382 | — | $207,382 |
| NAVIA BENEFIT SOLUTIONS | Other Service Provider | $113,905 | — | $113,905 |
| GALLAGHER BENEFIT SERVICES INC | Other Service Provider | $109,577 | — | $109,577 |
| BRIDGE HEALTH | Other Service Provider | $9,920 | — | $9,920 |
| WELLS FARGO, N.A. | Other Service Provider | $5,000 | — | $5,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,961,606
- Estimated Expense Ratio: 69.625% 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 | $5,965,661 | $109,577 | $5,851,084 | — | — |
| 2023 | $4,605,766 | $103,692 | $4,497,074 | — | — |
| 2022 | $3,487,518 | $112,602 | $3,369,916 | — | — |