Plan Snapshot
- Plan Sponsor: Trustees Of The National Electrical Annuity Plan
- Sponsor EIN: 526132372
- Sponsor Address: 2400 RESEARCH BLVD., SUITE 500, ROCKVILLE, MD, 208503266
- Plan Type: DC
- Total Participants: 89,789
- Total Assets: $18.1B
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 | 89,789 | $18.1B | $1.2B | $0 |
| 2023 | 86,141 | $15.8B | $1.1B | $0 |
| 2022 | 84,425 | $13.8B | $1.1B | $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 |
|---|---|---|---|---|
| NATIONAL ELECTRICAL BENEFIT FUND | Other Service Provider | $5,852,248 | — | $5,852,248 |
| RBC GLOBAL ASSET MANAGEMENT | Recordkeeper | $3,855,490 | — | $3,855,490 |
| PACIFIC INVESTMENT MANAGEMENT CO LL | Other Service Provider | $2,959,055 | — | $2,959,055 |
| MACKAY SHIELDS | Recordkeeper | $2,545,845 | — | $2,545,845 |
| CHEVY CHASE TRUST | Other Service Provider | $2,171,313 | — | $2,171,313 |
| ULLICO | Other Service Provider | $1,801,710 | — | $1,801,710 |
| LORD ABBETT & CO | Other Service Provider | $1,290,298 | — | $1,290,298 |
| NATIONAL REAL ESTATE ADVISORS | Other Service Provider | $1,154,408 | — | $1,154,408 |
| BANK OF NEW YORK MELLON | Other Service Provider | $1,081,250 | — | $1,081,250 |
| PGIM | Recordkeeper | $1,071,530 | — | $1,071,530 |
| NEWTOWER TRUST COMPANY | Other Service Provider | $1,032,702 | — | $1,032,702 |
| BLACKROCK FINANCIAL MANAGEMENT | Other Service Provider | $1,004,832 | — | $1,004,832 |
| LAZARD ASSET MANAGEMENT LLC | Other Service Provider | $771,958 | — | $771,958 |
| T ROWE PRICE | Other Service Provider | $731,937 | — | $731,937 |
| PAYDEN & RYGEL | Other Service Provider | $493,482 | — | $493,482 |
| MELLON INVESTMENTS CORP | Other Service Provider | $299,622 | — | $299,622 |
| PRINCIPAL GLOBAL INVESTORS | Other Service Provider | $276,778 | — | $276,778 |
| MOSAIC | Other Service Provider | $267,099 | — | $267,099 |
| POTTS-DUPRE, HAWKINS & KRAMER, CHAR | Other Service Provider | $186,117 | — | $186,117 |
| SEGAL MARCO ADVISORS | Other Service Provider | $166,402 | — | $166,402 |
| WITHUMSMITH+BROWN, PC | Auditor | $155,110 | — | $155,110 |
| NOVAK FRANCELLA, LLC | Auditor | $47,048 | — | $47,048 |
| LEGACY PROFESSIONALS, LLP | Auditor | $45,230 | — | $45,230 |
| KELLY PRESS | Other Service Provider | $31,376 | — | $31,376 |
| FRANK C. BLACKBURN, M.D., LLC | Other Service Provider | $25,050 | — | $25,050 |
| ASHER, GITTLER & D'ALBA, LTD. | Other Service Provider | $23,177 | — | $23,177 |
| MADDIN HAUSER ROTH & HELLER PC | Other Service Provider | $14,817 | — | $14,817 |
| AMERICANEAGLE.COM | Other Service Provider | $13,013 | — | $13,013 |
| JILL BROOKS | Other Service Provider | $5,325 | — | $5,325 |
| ALLEN BATES TECHNOLOGIES INC | Other Service Provider | $5,060 | — | $5,060 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RBC GLOBAL ASSET MANAGEMENT — Recordkeeper
- MACKAY SHIELDS — Recordkeeper
- PGIM — Recordkeeper
- WITHUMSMITH+BROWN, PC — Auditor
- NOVAK FRANCELLA, LLC — Auditor
- LEGACY PROFESSIONALS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $29,379,282
- Estimated Expense Ratio: 0.163% 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 | $30,219,023 | $21,627,363 | $5,852,248 | $115,441 | — |
| 2023 | $25,228,080 | $16,927,598 | $5,652,117 | $212,804 | — |
| 2022 | $25,135,392 | $16,736,588 | $5,333,783 | — | $1,619,294 |