Plan Snapshot
- Plan Sponsor: Trustees Of Neca-Ibew 177 Pension Fund
- Sponsor EIN: 596976863
- Sponsor Address: 1880 EAST WEST PARKWAY # 10132, FLEMING ISLAND, FL, 32006
- Plan Type: DC
- Plan Number: 001
- Total Participants: 1,498
- Total Assets: $145.6M
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 | 1,498 | $145.6M | $0 | $0 |
| 2024 | 1,411 | $143.9M | $7.1M | $0 |
| 2023 | 1,412 | $129.4M | $5.7M | $0 |
| 2022 | 1,443 | $115.4M | $5.6M | $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 |
|---|---|---|---|---|
| WELLS FARGO ADVISORS LLC | Other Service Provider | $610,512 | — | $610,512 |
| MY BENEFITS ADMINISTRATOR, LLC | Other Service Provider | $75,000 | — | $75,000 |
| SMITH, GAMBRELL & RUSSELL, LLP | Other Service Provider | $53,352 | — | $53,352 |
| SAWGRASS ASSET MANAGEMENT LLC | Other Service Provider | $43,878 | — | $43,878 |
| LEGACY PROFESSIONALS LLP | Other Service Provider | $31,596 | — | $31,596 |
| TOP DRAWER, INC | Other Service Provider | $5,085 | — | $5,085 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $819,423
- Estimated Expense Ratio: 0.563% 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 | $15,389,724 | $654,390 | $75,000 | $20,196 | — |
| 2024 | $852,757 | $627,632 | $95,500 | $20,196 | — |
| 2023 | $800,642 | $616,364 | $84,000 | $32,311 | — |
| 2022 | $979,949 | $747,985 | $84,000 | — | $97,143 |