Plan Snapshot
- Plan Sponsor: Trustees Of Neca-Ibew 1205 Pension Fund
- Sponsor EIN: 593106802
- Sponsor Address: 1880 EAST WEST PKWY #10132, FLEMING ISLAND, FL, 32006
- Plan Type: DC
- Plan Number: 001
- Total Participants: 745
- Total Assets: $58.6M
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. |
|---|---|---|---|---|
| 2025 | 745 | $58.6M | $0 | $0 |
| 2024 | 752 | $53.5M | $3.3M | $0 |
| 2023 | 757 | $47.6M | $2.8M | $0 |
| 2022 | 693 | $39.6M | $2.5M | $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 |
|---|---|---|---|---|
| WELLS FARGO ADVISORS | Other Service Provider | $254,274 | — | $254,274 |
| MY BENEFIT ADMINISTRATOR INC. | Other Service Provider | $69,000 | — | $69,000 |
| REINHART BOERNER VAN DEUREN | Other Service Provider | $43,947 | — | $43,947 |
| LEGACY PROFESSIONALS LLP | Other Service Provider | $30,396 | — | $30,396 |
| SAWGRASS ASSET MANAGEMENT LLC | Other Service Provider | $18,104 | — | $18,104 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $415,721
- Estimated Expense Ratio: 0.710% 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 |
|---|---|---|---|---|---|
| 2025 | $3,224,491 | $272,378 | $69,400 | $20,196 | — |
| 2024 | $534,754 | $265,644 | $89,500 | $20,196 | — |
| 2023 | $425,500 | $228,340 | $78,000 | $30,836 | — |
| 2022 | $400,289 | $231,974 | $78,000 | — | $58,531 |