# Trustees Of Local 309, Ibew Income Security Fund 401(k) Plan
Source: https://planprovider.pro/companies/trustees-of-local-309-ibew-income-security-fund-371414717-501

> Trustees Of Local 309, Ibew Income Security Fund's 401(k) plan: 2,300 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/schuchat-cook-and-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|

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