Plan Snapshot
- Plan Sponsor: The Board Of Trustees Of The Electrical Workers Pension Trust
- Sponsor EIN: 386080404
- Sponsor Address: PO BOX 71337, MADISON HEIGHTS, MI, 480710337
- Plan Type: DB
- Total Participants: 3,182
- Total Assets: $922.7M
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 | 3,182 | $922.7M | $71.6M | $0 |
| 2023 | 3,028 | $888.5M | $70.1M | $0 |
| 2022 | 2,976 | $799.5M | $69.7M | $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 |
|---|---|---|---|---|
| MORGAN STANLEY | Recordkeeper | $481,964 | — | $481,964 |
| HAMLIN CAPITAL MANAGEMENT, LLC | Other Service Provider | $415,932 | — | $415,932 |
| CLARKSTON CAPITAL PARTNERS | Other Service Provider | $405,055 | — | $405,055 |
| LOOMIS SAYLES & COMPANY | Other Service Provider | $212,140 | — | $212,140 |
| SEIZERT CAPITAL PARTNERS | Other Service Provider | $140,777 | — | $140,777 |
| COMERICA BANK | Other Service Provider | $80,258 | — | $80,258 |
| BETTYE NAEGELI | Other Service Provider | $80,000 | — | $80,000 |
| RACHEL RUPARD | Other Service Provider | $78,750 | — | $78,750 |
| MADISON INVESTMENTS | Other Service Provider | $77,096 | — | $77,096 |
| E CRAIG YOUNG | Other Service Provider | $71,860 | — | $71,860 |
| MCCLAIN SMITH & WENZ PC | Auditor | $53,322 | — | $53,322 |
| WATKINS PAWLICK CALATI & PRIFTI, PC | Other Service Provider | $49,857 | — | $49,857 |
| UNITED ACTUARIAL SERVICES INC | Other Service Provider | $34,900 | — | $34,900 |
| SOLXSYS ADMINISTRATIVE SOLUTIONS | Other Service Provider | $28,821 | — | $28,821 |
| ZENWORKS | Other Service Provider | $18,181 | — | $18,181 |
| AUXIOM | Other Service Provider | $15,262 | — | $15,262 |
| MACQUEEN INSURANCE | Other Service Provider | $7,285 | — | $7,285 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — Recordkeeper
- MCCLAIN SMITH & WENZ PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,251,460
- Estimated Expense Ratio: 0.244% 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 | $2,901,737 | $1,732,964 | — | $53,322 | — |
| 2023 | $2,825,334 | $1,649,285 | — | $45,166 | — |
| 2022 | $2,819,038 | $1,814,834 | — | — | $116,662 |