Plan Snapshot
- Plan Sponsor: Trustees Electrical Workers Local No.292 Pension Plan
- Sponsor EIN: 416035616
- Sponsor Address: 6700 W. BROADWAY AVENUE, SUITE B, BROOKLYN PARK, MN, 554282367
- Plan Type: DB
- Plan Number: 001
- Total Participants: 2,466
- Total Assets: $447.5M
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 | 2,466 | $447.5M | $21.2M | $0 |
| 2023 | 2,387 | $417.1M | $20.2M | $0 |
| 2022 | 2,293 | $386.1M | $19.4M | $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 |
|---|---|---|---|---|
| IBEW LOCAL 292 HEALTH CARE PLAN | Other Service Provider | $380,247 | — | $380,247 |
| BOSTON TRUST WALDEN COMPANY | Other Service Provider | $211,511 | — | $211,511 |
| WEDGE CAPITAL MANAGEMENT LLP | Other Service Provider | $166,196 | — | $166,196 |
| UNION BANK AND TRUST | ERISA Attorney | $121,540 | — | $121,540 |
| MARATHON ASSET MANAGEMENT LIMITED | Other Service Provider | $108,158 | — | $108,158 |
| WELLINGTON TRUST COMPANY | Other Service Provider | $103,719 | — | $103,719 |
| ULLICO INFRASTRUCTURE | Other Service Provider | $83,916 | — | $83,916 |
| SMITH GROUP ASSET MANAGEMENT | Other Service Provider | $79,107 | — | $79,107 |
| GALLIARD CAPITAL MANAGEMENT LLC | Other Service Provider | $78,672 | — | $78,672 |
| FIDELITY | Other Service Provider | $71,722 | — | $71,722 |
| SEGAL MARCO ADVISORS | Other Service Provider | $65,000 | — | $65,000 |
| SHUMAKER LOOP & KENDRICK LLP | Other Service Provider | $58,788 | — | $58,788 |
| UNITED ACTUARIAL SERVICES | Other Service Provider | $56,508 | — | $56,508 |
| LEGACY PROFESSIONALS LLP | Auditor | $36,165 | — | $36,165 |
| HAMILTON LANE ADVISORS, LLC | Other Service Provider | $33,951 | — | $33,951 |
| BNY MELLON | Other Service Provider | $25,275 | — | $25,275 |
| LOOMIS SAYLES TRUST COMPANY | Other Service Provider | $14,013 | — | $14,013 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UNION BANK AND TRUST — ERISA Attorney
- LEGACY PROFESSIONALS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,694,488
- Estimated Expense Ratio: 0.379% 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 | $1,948,365 | $1,041,238 | $380,247 | $36,165 | — |
| 2023 | $1,746,414 | $984,558 | $358,488 | $34,953 | — |
| 2022 | $1,594,186 | $845,970 | $308,142 | — | $216,465 |