Plan Snapshot
- Plan Sponsor: Trustees Of Michigan Electrical Employees' Pension Fund
- Sponsor EIN: 386233977
- Sponsor Address: 1423 EAST 12 MILE ROAD, MADISON HEIGHTS, MI, 48071
- Plan Type: DB
- Total Participants: 2,271
- Total Assets: $544.8M
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 | 2,271 | $544.8M | $30.7M | $0 |
| 2023 | 2,102 | $500.9M | $24.6M | $0 |
| 2022 | 2,019 | $441.2M | $21.6M | $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 |
|---|---|---|---|---|
| BENDA, GRACE, STULZ & COMPANY, P.C. | Auditor | $28,000 | — | $28,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,000
- Estimated Expense Ratio: 0.005% 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 | $2,916,160 | $2,125,187 | $394,335 | $28,000 | — |
| 2023 | $2,813,249 | $2,001,333 | $345,945 | $24,300 | — |
| 2022 | $2,733,759 | $2,014,812 | $235,380 | — | $169,312 |