# Trustees Electrical Workers Local No.292 Defined Contribution And 401k 401(k) Plan
Source: https://planprovider.pro/companies/trustees-electrical-workers-local-no-292-defined-contribution-and-401k-411760754-002

> Trustees Electrical Workers Local No.292 Defined Contribution And 401k's 401(k) plan: 5,698 participants, plan year 2024 financials, providers, and benchmark…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/john-hancock) — Recordkeeper

- [LEGACY PROFESSIONALS LLP](https://planprovider.pro/provider/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|

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