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
- Plan Number: 001
- Total Participants: 195,719
- Total Assets: $20.7B
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. |
|---|---|---|---|---|
| 2025 | 195,719 | $20.7B | $0 | $0 |
| 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 | $6,646,186 | — | $6,646,186 |
| RBC GLOBAL ASSET MANAGEMENT | Other Service Provider | $3,925,306 | — | $3,925,306 |
| MACKAY SHIELDS | Other Service Provider | $2,128,729 | — | $2,128,729 |
| CHEVY CHASE TRUST | Other Service Provider | $2,105,952 | — | $2,105,952 |
| PACIFIC INVESTMENT MANAGEMENT CO LL | Other Service Provider | $1,763,066 | — | $1,763,066 |
| NEWTOWER TRUST COMPANY | Other Service Provider | $1,582,335 | — | $1,582,335 |
| BLACKROCK FINANCIAL MGT | Other Service Provider | $1,564,572 | — | $1,564,572 |
| ULLICO INVESTMENT ADVISORS | Other Service Provider | $1,382,800 | — | $1,382,800 |
| LORD ABBETT & CO | Other Service Provider | $1,346,285 | — | $1,346,285 |
| NATIONAL REAL ESTATE ADVISORS | Other Service Provider | $1,176,287 | — | $1,176,287 |
| BANK OF NEW YORK MELLON | Other Service Provider | $1,123,629 | — | $1,123,629 |
| PGIM | Other Service Provider | $874,357 | — | $874,357 |
| T ROWE PRICE | Other Service Provider | $838,913 | — | $838,913 |
| LAZARD ASSET MANAGEMENT LLC | Other Service Provider | $718,596 | — | $718,596 |
| PAYDEN & RYGEL | Other Service Provider | $581,046 | — | $581,046 |
| PRINCIPAL GLOBAL INVESTORS | Other Service Provider | $552,807 | — | $552,807 |
| MELLON INVESTMENTS CORP | Other Service Provider | $308,015 | — | $308,015 |
| MOSAIC | Other Service Provider | $303,155 | — | $303,155 |
| KELLY PRESS | Other Service Provider | $252,812 | — | $252,812 |
| POTTS-DUPRE,HAWKINS & KRAMER | Other Service Provider | $230,941 | — | $230,941 |
| SEGAL MARCO ADVISORS | Other Service Provider | $181,538 | — | $181,538 |
| WITHUM SMITH & BROWN, PC | Other Service Provider | $102,820 | — | $102,820 |
| LEGACY PROFESSIONALS, LLP | Other Service Provider | $73,635 | — | $73,635 |
| FRANK C. BLACKBURN, M.D., LLC | Other Service Provider | $34,950 | — | $34,950 |
| JILL BROOKS | Other Service Provider | $10,575 | — | $10,575 |
| MADDIN HAUSER ROTH & HELLER PC | Other Service Provider | $8,519 | — | $8,519 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $29,817,826
- Estimated Expense Ratio: 0.144% 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 | $752,392,419 | $21,090,231 | $6,157,560 | $79,100 | — |
| 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 |