# Trustees Of Electrical Workers Local No. 294 401(K) Plan 401(k) Plan
Source: https://planprovider.pro/companies/trustees-of-electrical-workers-local-no-294-401-k-plan-plan

> Trustees Of Electrical Workers Local No. 294 401(K) Plan's 401(k) plan: 143 participants, plan year 2023 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2023.

## Plan Snapshot

- **Plan Sponsor:** Trustees Of Electrical Workers Local No. 294 401(K) Plan

- **Sponsor EIN:** 411972759

- **Sponsor Address:** 2002 LONDON ROAD, ROOM 300, DULUTH, MN, 558122152

- **Plan Type:** 401(k)

- **Total Participants:** 143

- **Total Assets:** $9.6M

## 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.|

| 2023|143|$9.6M|$0|$481,384|

| 2022|139|$7.8M|$0|$445,016|

## 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|

| LEGACY PROFESSIONALS LLP|Auditor|$5,000|—|$5,000|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [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:** $5,000

- **Estimated Expense Ratio:** 0.052% 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|

| 2023|$31,177|$2,853|$6,600|$5,000|—|

| 2022|$32,013|$5,872|$15,293|—|$8,689|

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