Plan Snapshot
- Plan Sponsor: Trustees Of Local 697 I.B.E.W. & Elect Industry Pension Fund
- Sponsor EIN: 516133048
- Sponsor Address: 7200 MISSISSIPPI STREET, MERRILLVILLE, IN, 46410
- Plan Type: DB
- Total Participants: 911
- Total Assets: $246.5M
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 | 911 | $246.5M | $13.4M | $0 |
| 2023 | 876 | $228.0M | $13.2M | $0 |
| 2022 | 855 | $209.0M | $12.3M | $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 |
|---|---|---|---|---|
| MARQUETTE ASSOCIATES | NONE | $104,000 | — | $104,000 |
| MK COLE | EMPLOYEE | $96,482 | — | $96,482 |
| P KEENAN | ADMINISTRATOR | $69,429 | — | $69,429 |
| LEGACY PROFESSIONALS LLP | NONE | $57,855 | — | $57,855 |
| O'SULLIVAN ASSOCIATES | NONE | $47,195 | — | $47,195 |
| E CORTEZ | EMPLOYEE | $28,745 | — | $28,745 |
| INTAC 697 OWNERS' ASSOC INC | NONE | $26,939 | — | $26,939 |
| PNC BANK | NONE | $20,293 | — | $20,293 |
| HAGBERG & ASSOCIATES, PC | NONE | $19,608 | — | $19,608 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEGACY PROFESSIONALS LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $470,546
- Estimated Expense Ratio: 0.191% 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 | $1,137,328 | $532,177 | — | $39,819 | — |
| 2023 | $1,157,001 | $618,149 | — | $38,000 | — |
| 2022 | $1,300,661 | $771,813 | — | — | $146,161 |