Plan Snapshot
- Plan Sponsor: Trustees Of Local 309, Ibew Income Security Fund
- Sponsor EIN: 371414717
- Sponsor Address: 2000A MALL STREET, STE A, COLLINSVILLE, IL, 62234
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 2,300
- Total Assets: $14.8M
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. |
|---|---|---|---|---|
| 2024 | 2,300 | $14.8M | $1.1M | $0 |
| 2023 | 2,125 | $13.3M | $1.0M | $0 |
| 2022 | 1,954 | $11.4M | $766,780 | $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 |
|---|---|---|---|---|
| MERRILL | Other Service Provider | $33,625 | — | $33,625 |
| LOCAL 309, ELECTRICAL HEALTH AND WE | Other Service Provider | $26,758 | — | $26,758 |
| SCHEFFEL BOYLE | Other Service Provider | $16,570 | — | $16,570 |
| SCHUCHAT, COOK, & WERNER | ERISA Attorney | $5,266 | — | $5,266 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHUCHAT, COOK, & WERNER — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $82,219
- Estimated Expense Ratio: 0.555% 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 | $114,539 | $36,637 | — | $16,570 | — |
| 2023 | $94,406 | $27,478 | — | $15,350 | — |
| 2022 | $82,112 | $26,761 | — | — | $20,342 |