Plan Snapshot
- Plan Sponsor: Trustees Of The National Electrical 401(K) Plan
- Sponsor EIN: 263383611
- Sponsor Address: 2400 RESEARCH BOULEVARD, ROCKVILLE, MD, 20850
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 30,463
- Total Assets: $176.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 30,463 | $176.3M | $0 | $0 |
| 2024 | 30,102 | $141.2M | $339,653 | $17.7M |
| 2023 | 26,829 | $115.3M | $309,798 | $16.1M |
| 2022 | 26,019 | $89.4M | $258,500 | $15.7M |
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 |
|---|---|---|---|---|
| EMPOWER INSURANCE CO OF AMERICA | Other Service Provider | $343,175 | — | $343,175 |
| BENESYS | Other Service Provider | $162,623 | — | $162,623 |
| WITHUMSMITH+BROWN, PC | Other Service Provider | $35,850 | — | $35,850 |
| PNC BANK | Other Service Provider | $26,150 | — | $26,150 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $567,798
- Estimated Expense Ratio: 0.322% 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 | $8,673,696 | — | $162,623 | $35,850 | — |
| 2024 | $541,636 | — | $151,101 | $38,377 | — |
| 2023 | $599,978 | — | $141,238 | $39,598 | — |
| 2022 | $483,349 | — | — | — | — |