Plan Snapshot
- Plan Sponsor: The Building Industry Electrical Contractors Association, INC.
- Sponsor EIN: 261140509
- Sponsor Address: 1150 PORTION ROAD, SUITE 19, HOLTSVILLE, NY, 11742
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,153
- Total Assets: $25.3M
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 | 1,153 | $25.3M | $27.0M | $110,190 |
| 2023 | 994 | $19.8M | $21.4M | $92,439 |
| 2022 | 1,056 | $18.7M | $21.4M | $136,132 |
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 |
|---|---|---|---|---|
| DICKINSON GROUP LLC | Other Service Provider | $652,538 | $22,611 | $675,149 |
| ANTHEM BLUE CROSS | Other Service Provider | $433,066 | $4,305 | $437,371 |
| SLEVIN & HART | ERISA Attorney | $219,724 | — | $219,724 |
| DD SERVICES, INC. | Other Service Provider | $182,440 | — | $182,440 |
| AMERICAN HEALTH HOLDINGS, INC. | Other Service Provider | $79,737 | — | $79,737 |
| ERIC OLYNIK | Custodian / Trustee | $50,480 | — | $50,480 |
| FRANK RAPPO | Custodian / Trustee | $50,480 | — | $50,480 |
| COSTAROTHBORT CPAS LLC | Other Service Provider | $43,257 | — | $43,257 |
| CALIBRE CPA GROUP PLLC | Auditor | $33,493 | — | $33,493 |
| RAEL AND LETSON | Other Service Provider | $31,000 | — | $31,000 |
| FIRST ACTUARIAL CONSULTING | Other Service Provider | $30,000 | — | $30,000 |
| MAXORPLUS | Other Service Provider | $27,735 | — | $27,735 |
| OVERTURE HEALTH CARE, LLC | Other Service Provider | $26,597 | — | $26,597 |
| BARNES, IACCARINO & SHEPHERD LLP | Other Service Provider | $25,497 | — | $25,497 |
| REYNOLDS CONSULTING SERVICES | Other Service Provider | $18,625 | — | $18,625 |
| SAGE ADVISORY SERVICES LTD CO. | Other Service Provider | $5,916 | — | $5,916 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SLEVIN & HART — ERISA Attorney
- CALIBRE CPA GROUP PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,937,501
- Estimated Expense Ratio: 7.654% 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 | $773,101 | $33,702 | $200,629 | $33,493 | — |
| 2023 | $655,601 | $31,817 | $225,598 | $32,401 | — |
| 2022 | $882,624 | $38,179 | $303,982 | — | $305,459 |