Plan Snapshot
- Plan Sponsor: The Iam Local 2848 Ford Retirees Veba Trust
- Sponsor EIN: 270937295
- Sponsor Address: 1480 PEARL ROAD, STE 16, BRUNSWICK, OH, 442123490
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 201
- Total Assets: $18.7M
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 | 201 | $18.7M | $0 | $13,898 |
| 2023 | 211 | $17.9M | $0 | $14,308 |
| 2022 | 221 | $17.6M | $0 | $18,328 |
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 |
|---|---|---|---|---|
| CETERA ADVISOR NETWORKS LLC | Investment Advisor | $71,994 | — | $71,994 |
| ASSURED PARTNERS OF OHIO LLC | Insurance Carrier | $71,364 | — | $71,364 |
| USI CONSULTING | Recordkeeper | $55,000 | — | $55,000 |
| EIDE BAILLY LLP | Auditor | $16,100 | — | $16,100 |
| LPFG LLC | Other Service Provider | $6,600 | — | $6,600 |
| LARRY W SHEPHERD | Custodian / Trustee | $5,150 | — | $5,150 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $226,208
- Estimated Expense Ratio: 1.209% 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 | $257,670 | $71,994 | $185,676 | — | — |
| 2023 | $258,760 | $68,294 | $190,466 | — | — |
| 2022 | $241,242 | $71,609 | $169,633 | — | — |