Plan Snapshot
- Plan Sponsor: Trustees Of Electrical Workers Local No. 294 Supp Unemploy Ben Fund
- Sponsor EIN: 743081515
- Sponsor Address: 2002 LONDON ROAD, ROOM 300, DULUTH, MN, 558122152
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 289
- Total Assets: $346,026
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 | 289 | $346,026 | $21,826 | $0 |
| 2023 | 284 | $329,907 | $29,266 | $0 |
| 2022 | 263 | $313,259 | $24,470 | $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 |
|---|---|---|---|---|
| LEGACY PROFESSIONALS | Auditor | $2,988 | — | $2,988 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,988
- Estimated Expense Ratio: 0.864% 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 | $5,107 | — | $400 | $2,988 | — |
| 2023 | $4,886 | — | $360 | $2,785 | — |
| 2022 | $3,634 | — | $360 | — | $2,834 |