Plan Snapshot
- Plan Sponsor: Trustees-Ibew 661 Retirement Plan
- Sponsor EIN: 480930235
- Sponsor Address: 200 W 2ND AVE, HUTCHINSON, KS, 67501
- Plan Type: DC
- Total Participants: 238
- Total Assets: $29.6M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 238 | $29.6M | $2.0M | $0 |
| 2023 | 232 | $26.2M | $1.8M | $0 |
| 2022 | 223 | $22.3M | $1.5M | $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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | RECORDKEEPER | $87,717 | — | $87,717 |
| KANSAS CHAPTER NECA | CONTRACT ADMINISTRATOR | $33,398 | — | $33,398 |
| IMA WEALTH, INC | INVESTMENT ADVISORY | — | $30,746 | $30,746 |
| MORROW & CO LLC | AUDITOR | $17,636 | — | $17,636 |
| MCAFEE & TAFT | LEGAL | $8,734 | — | $8,734 |
| FEE INSURANCE GROUP, INC | INSURANCE | $5,249 | — | $5,249 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- IMA WEALTH, INC — INVESTMENT ADVISORY
- MCAFEE & TAFT — LEGAL
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $183,480
- Estimated Expense Ratio: 0.620% 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 | $156,329 | $87,717 | $33,398 | $17,636 | — |
| 2023 | $141,971 | $77,944 | $29,615 | $18,386 | — |
| 2022 | $137,059 | $73,431 | $34,015 | — | $21,049 |