Plan Snapshot
- Plan Sponsor: Trustees Electrical Workers Local No.292 Vacation And Holiday Plan
- Sponsor EIN: 411701466
- Sponsor Address: 6700 W. BROADWAY AVENUE, SUITE B, BROOKLYN PARK, MN, 55428
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 2,348
- Total Assets: $2.8M
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 | 2,348 | $2.8M | $31.2M | $0 |
| 2023 | 2,092 | $2.3M | $27.7M | $0 |
| 2022 | 2,002 | $2.2M | $24.8M | $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 |
|---|---|---|---|---|
| I.B.E.W 292 HEALTH CARE PLAN | Other Service Provider | $54,452 | — | $54,452 |
| LEGACY PROFESSIONALS LLP | Auditor | $9,815 | — | $9,815 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEGACY PROFESSIONALS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $64,267
- Estimated Expense Ratio: 2.327% 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 | $71,489 | — | $56,021 | $9,815 | — |
| 2023 | $172,675 | — | $158,189 | $9,524 | — |
| 2022 | $161,668 | — | $146,222 | — | $13,945 |