Plan Snapshot
- Plan Sponsor: Trustees Of I.B.E.W Local 697 Defined Contribution Plan
- Sponsor EIN: 351773526
- Sponsor Address: 7200 MISSISSIPPI STREET, MERRILLVILLE, IN, 46410
- Plan Type: DC
- Plan Number: 002
- Total Participants: 1,113
- Total Assets: $499.8M
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. |
|---|---|---|---|---|
| 2025 | 1,113 | $499.8M | $0 | $0 |
| 2024 | 925 | $432.7M | $13.9M | $9,614 |
| 2023 | 986 | $389.7M | $13.3M | $34,569 |
| 2022 | 981 | $337.0M | $12.4M | $98,121 |
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 |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | Other Service Provider | $290,862 | — | $290,862 |
| LEGACY PROFESSIONALS LLP | Other Service Provider | $32,080 | — | $32,080 |
| P KEENAN | Recordkeeper | $32,050 | — | $32,050 |
| MARQUETTE ASSOCIATES | Other Service Provider | $30,000 | — | $30,000 |
| HAGBERG & ASSOCIATES | Other Service Provider | $11,600 | — | $11,600 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $396,592
- Estimated Expense Ratio: 0.079% 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 |
|---|---|---|---|---|---|
| 2025 | $21,313,409 | $264,928 | — | $24,500 | — |
| 2024 | $583,956 | $198,967 | — | $24,819 | — |
| 2023 | $589,712 | $197,127 | — | $23,500 | — |
| 2022 | $517,082 | $242,677 | — | — | $67,756 |