Plan Snapshot
- Plan Sponsor: Trustees Electrical Workers Local No.292 Defined Contribution And 401k
- Sponsor EIN: 411760754
- Sponsor Address: 6700 W. BROADWAY AVENUE, SUITE B, BROOKLYN PARK, MN, 554282367
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 5,698
- Total Assets: $1.2B
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 | 5,698 | $1.2B | $36.3M | $14.6M |
| 2023 | 5,638 | $1.1B | $30.8M | $13.3M |
| 2022 | 5,480 | $994.7M | $27.8M | $12.3M |
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 |
|---|---|---|---|---|
| I.B.E.W. 292 HEALTH CARE PLAN | Other Service Provider | $375,206 | — | $375,206 |
| JOHN HANCOCK INVESTMENT MGMT SCVS | Recordkeeper | $337,365 | — | $337,365 |
| GALLIARD CAPITAL MANAGEMENT, LLC | Other Service Provider | $195,281 | — | $195,281 |
| SMITH GROUP ASSET MANAGEMENT, LLC | Other Service Provider | $158,463 | — | $158,463 |
| WEDGE CAPITAL MANAGEMENT | Other Service Provider | $142,416 | — | $142,416 |
| SHUMAKER LOOP & KENDRICK, LLP | Other Service Provider | $92,411 | — | $92,411 |
| MIDWEST INSTITUTIONAL TRUST COMPANY | Other Service Provider | $87,357 | — | $87,357 |
| SEGAL MARCO ADVISORS | Other Service Provider | $77,000 | — | $77,000 |
| LEGACY PROFESSIONALS LLP | Auditor | $27,030 | — | $27,030 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK INVESTMENT MGMT SCVS — Recordkeeper
- LEGACY PROFESSIONALS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,492,529
- Estimated Expense Ratio: 0.126% 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 | $1,675,374 | $573,160 | $375,206 | $27,030 | — |
| 2023 | $1,754,834 | $77,000 | $380,653 | $26,048 | — |
| 2022 | $1,316,801 | $77,000 | $929,264 | — | $126,099 |