Plan Snapshot
- Plan Sponsor: Trustees Of Ibew Local 309-401(K) Retirement Plan
- Sponsor EIN: 841634780
- Sponsor Address: 2000A MALL STREET, STE A, COLLINSVILLE, IL, 622345133
- Plan Type: DC
- Total Participants: 591
- Total Assets: $26.1M
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 | 591 | $26.1M | $1.4M | $534,442 |
| 2023 | 540 | $22.2M | $1.4M | $513,033 |
| 2022 | 525 | $18.0M | $1.2M | $474,116 |
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 |
|---|---|---|---|---|
| ONEAMERICA RETIREMENT SERVICES LLC | NONE | $44,082 | — | $44,082 |
| SCHEFFEL BOYLE | NONE | $15,240 | — | $15,240 |
| LOCAL 309 ELECTRICAL HEALTH AND WEL | COMMON MEMBERSHIP | $12,704 | — | $12,704 |
| ONEAMERICA INVESTMENT ADVISORY SVS | NONE | $6,833 | — | $6,833 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $78,859
- Estimated Expense Ratio: 0.302% 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 | $83,325 | $6,833 | $44,082 | $15,240 | — |
| 2023 | $90,295 | — | $51,035 | $13,750 | — |
| 2022 | $97,610 | — | $74,261 | — | $13,339 |