Plan Snapshot
- Plan Sponsor: Trustees Of The National Electrical Benefit Fund
- Sponsor EIN: 530181657
- Sponsor Address: 2400 RESEARCH BLVD., SUITE 500, ROCKVILLE, MD, 208503266
- Plan Type: DB
- Plan Number: 001
- Total Participants: 736,031
- Total Assets: $22.5B
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 | 736,031 | $22.5B | $0 | $0 |
| 2024 | 343,794 | $20.4B | $943.9M | $0 |
| 2023 | 332,362 | $18.9B | $862.5M | $0 |
| 2022 | 323,315 | $17.9B | $807.6M | $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 |
|---|---|---|---|---|
| NATIONAL REAL ESTATE ADVISORS | Other Service Provider | $20,571,326 | — | $20,571,326 |
| ADMINISTRATIVE STAFF | Other Service Provider | $9,680,928 | — | $9,680,928 |
| RCP ADVISORS 2, LLC | Other Service Provider | $3,174,748 | — | $3,174,748 |
| LOOMIS SAYLES & COMPANY LP | Other Service Provider | $2,888,306 | $9,985 | $2,898,291 |
| PAYDEN & RYGEL | Other Service Provider | $2,859,204 | — | $2,859,204 |
| ULLICO INVESTMENT ADVISORS INC. | Other Service Provider | $2,583,760 | — | $2,583,760 |
| XPERIS IT COMPANY | Other Service Provider | $2,474,783 | — | $2,474,783 |
| MELLON INVESTMENTS CORPORATION | Other Service Provider | $2,463,542 | — | $2,463,542 |
| RBC GLOBAL ASSET MANAGEMENT | Other Service Provider | $2,338,608 | — | $2,338,608 |
| INVESTMENT STAFF | Other Service Provider | $1,891,990 | — | $1,891,990 |
| CRESCENT CAPITAL GROUP | Other Service Provider | $1,862,281 | — | $1,862,281 |
| ASB CAPITAL MANAGEMENT | Other Service Provider | $1,730,241 | — | $1,730,241 |
| TIMES SQUARE CAPITAL MANAGEMENT | Other Service Provider | $1,537,861 | — | $1,537,861 |
| THE UNION LABOR LIFE INSURANCE COMP | Other Service Provider | $1,460,219 | — | $1,460,219 |
| POTTS-DUPRE, HAWKINS & KRAMER | Other Service Provider | $1,440,761 | — | $1,440,761 |
| BANK OF NEW YORK MELLON | Other Service Provider | $1,432,043 | — | $1,432,043 |
| LAZARD ASSET MANAGEMENT LLC | Other Service Provider | $1,302,749 | — | $1,302,749 |
| JANUS CAPITAL MANAGEMENT LLC | Other Service Provider | $1,216,680 | — | $1,216,680 |
| BARROW, HANLEY | Other Service Provider | $1,216,534 | — | $1,216,534 |
| LORD ABBETT & CO | Other Service Provider | $911,501 | — | $911,501 |
| CS CAPITAL MANAGEMENT INC | Other Service Provider | $608,081 | — | $608,081 |
| BUCH CONSTRUCTION, INC. | Other Service Provider | $484,020 | — | $484,020 |
| SEGAL MARCO ADVISORS | Other Service Provider | $410,875 | — | $410,875 |
| KELLY PRESS | Other Service Provider | $374,335 | — | $374,335 |
| PRINCIPAL GLOBAL INVESTORS | Other Service Provider | $206,964 | $118,799 | $325,763 |
| BLACKROCK FINANCIAL MGT | Other Service Provider | $308,879 | — | $308,879 |
| WITHUM SMITH & BROWN, PC | Other Service Provider | $206,889 | — | $206,889 |
| AMALGAMATED BANK | Other Service Provider | $182,637 | — | $182,637 |
| GLOBAL COMMERCE & INFORMATION, INC. | Other Service Provider | $176,048 | — | $176,048 |
| LEGACY PROFESSIONALS, LLP | Other Service Provider | $160,459 | — | $160,459 |
| STARQUEST TECHNOLOGIES INC | Other Service Provider | $160,258 | — | $160,258 |
| HORIZON ACTUARIAL SERVICES, LLC | Other Service Provider | $156,354 | — | $156,354 |
| ADDISON GROUP | Other Service Provider | $141,107 | — | $141,107 |
| DIFEDE RAMSDELL BENDER | Other Service Provider | $131,794 | — | $131,794 |
| GREEN KEY TEMP | Other Service Provider | $119,961 | — | $119,961 |
| TURN2PARTNERS LLC | Other Service Provider | $111,782 | — | $111,782 |
| SOVOS | Other Service Provider | $111,601 | — | $111,601 |
| NOVAK FRANCELLA, LLC | Other Service Provider | $74,104 | — | $74,104 |
| CANISOLUTIONS LLC | Other Service Provider | $70,200 | — | $70,200 |
| MOSAIC | Other Service Provider | $68,991 | — | $68,991 |
| PROTEK CONSULTING LLC | Other Service Provider | $65,823 | — | $65,823 |
| PATHFINDERS, INC. | Other Service Provider | $59,139 | — | $59,139 |
| MADDIN HAUSER ROTH & HELLER PC | Other Service Provider | $50,940 | — | $50,940 |
| LP ANALYST | Other Service Provider | $45,940 | — | $45,940 |
| THE RETIREMENT PLAN COMPANY, LLC | Other Service Provider | $43,057 | — | $43,057 |
| ANDERS MINKLER HUBER & HELM | Other Service Provider | $40,923 | — | $40,923 |
| EMPRISE TECHNOLOGIES, LLC | Other Service Provider | $38,925 | — | $38,925 |
| FTS BUSINESS CONSULTANTS, INC | Other Service Provider | $35,965 | — | $35,965 |
| GROSS, MENDELSOHN & ASSOCIATES, P.A | Other Service Provider | $33,865 | — | $33,865 |
| INVARIO NETWORK ENGINEERS | Other Service Provider | $32,567 | — | $32,567 |
| MRI SOFTWARE LLC | Other Service Provider | $31,546 | — | $31,546 |
| MILLER KAPLAN ARASE LLP | Other Service Provider | $31,267 | — | $31,267 |
| SHERMAN DUNN | Other Service Provider | $28,358 | — | $28,358 |
| SIERRA INVESTMENT PARTNERS INC | Other Service Provider | $26,580 | — | $26,580 |
| EVESTMENT | Other Service Provider | $25,139 | — | $25,139 |
| BEACON HILL SOLUTIONS GROUP | Other Service Provider | $21,886 | — | $21,886 |
| CANOE SOFTWARE INC. | Other Service Provider | $20,845 | — | $20,845 |
| WIPFLI ADVISORY LLC | Other Service Provider | $18,761 | — | $18,761 |
| NIMBLE CONSULTING GROUP | Other Service Provider | $18,675 | — | $18,675 |
| UNION INSURANCE GROUP | Other Service Provider | — | $16,703 | $16,703 |
| CERTILMAN BALIN | Other Service Provider | $16,459 | — | $16,459 |
| CHERRY BEKAERT LLP | Other Service Provider | $14,642 | — | $14,642 |
| JOAN KENDALL | Other Service Provider | $10,800 | — | $10,800 |
| GILBERT & SACKMAN | Other Service Provider | $8,444 | — | $8,444 |
| SCHULTHEIS & PANETTIERI LLP | Other Service Provider | $8,211 | — | $8,211 |
| AMBIUS | Other Service Provider | $7,567 | — | $7,567 |
| DILIGENT CORPORATION | Other Service Provider | $7,363 | — | $7,363 |
| INSTITUTIONAL LIMITED PARTNERS ASSO | Other Service Provider | $6,500 | — | $6,500 |
| WATKINS, PAWLICK, CALATI & PRIFTI | Other Service Provider | $6,360 | — | $6,360 |
| SCHUCHAT, COOK AND WERNER | Other Service Provider | $5,735 | — | $5,735 |
| ADP | Other Service Provider | $5,481 | — | $5,481 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $70,216,654
- Estimated Expense Ratio: 0.312% 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 | $1,556,045,298 | $50,220,739 | — | $160,000 | — |
| 2024 | $119,431,859 | $50,624,497 | — | $202,231 | — |
| 2023 | $113,859,151 | $56,470,757 | — | $536,446 | — |
| 2022 | $104,680,384 | $57,943,730 | — | — | $7,980,065 |