Plan Snapshot
- Plan Sponsor: Trustees Of The Ibew Local Union No 271 Neca 401(K)Retirement Plan
- Sponsor EIN: 480859301
- Sponsor Address: 810 W DOUGLAS, SUITE E, WICHITA, KS, 672036133
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 719
- Total Assets: $170.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 719 | $170.6M | $7.0M | $2.2M |
| 2023 | 699 | $149.3M | $6.4M | $1.9M |
| 2022 | 673 | $136.9M | $5.9M | $1.6M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $134,148 | — | $134,148 |
| KANSAS NECA CHAPTER | Recordkeeper | $126,299 | — | $126,299 |
| IMA WEALTH | Investment Advisor | $89,893 | $107 | $90,000 |
| MORROW & CO., LLC | Auditor | $31,160 | — | $31,160 |
| MCAFEE & TAFT | ERISA Attorney | $15,024 | — | $15,024 |
| TRAVELERS INSURANCE | Insurance Carrier | $14,553 | — | $14,553 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- IMA WEALTH — Investment Advisor
- MCAFEE & TAFT — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $411,184
- Estimated Expense Ratio: 0.241% 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 | $415,793 | $224,041 | $126,299 | $31,160 | — |
| 2023 | $383,953 | $206,416 | $116,379 | $30,893 | — |
| 2022 | $351,573 | $173,770 | $125,844 | — | $34,514 |