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
- Total Participants: 343,794
- Total Assets: $20.4B
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. |
|---|---|---|---|---|
| 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 | $20,698,107 | — | $20,698,107 |
| BUCH CONSTRUCTION, INC. | Other Service Provider | $3,655,534 | — | $3,655,534 |
| RBC GLOBAL ASSET MANAGEMENT | Recordkeeper | $3,639,541 | — | $3,639,541 |
| RCP ADVISORS 2,LLC | Other Service Provider | $2,774,778 | — | $2,774,778 |
| PAYDEN & RYGEL | Other Service Provider | $2,753,191 | — | $2,753,191 |
| LOOMIS SAYLES & COMPANY LP | Other Service Provider | $2,698,959 | — | $2,698,959 |
| XPERIS IT COMPANY | Other Service Provider | $2,495,255 | — | $2,495,255 |
| INVESTMENT STAFF | Other Service Provider | $2,302,585 | — | $2,302,585 |
| MELLON INVESTMENTS CORPORATION | Other Service Provider | $2,289,878 | — | $2,289,878 |
| ULLICO INVESTMENT ADVISORS INC. | Other Service Provider | $1,910,445 | — | $1,910,445 |
| CRESCENT CAPITAL GROUP | Other Service Provider | $1,746,567 | — | $1,746,567 |
| ASB CAPITAL MANAGEMENT | Other Service Provider | $1,717,341 | — | $1,717,341 |
| THE UNION LABOR LIFE INSURANCE COMP | Recordkeeper | $1,599,435 | — | $1,599,435 |
| TIMES SQUARE CAPITAL MANAGEMENT | Other Service Provider | $1,577,008 | — | $1,577,008 |
| JANUS CAPITAL MANAGEMENT LLC | Other Service Provider | $1,332,360 | — | $1,332,360 |
| POTTS-DUPRE, HAWKINS & KRAMER | Other Service Provider | $1,321,150 | — | $1,321,150 |
| BANK OF NEW YORK MELLON | Other Service Provider | $1,301,587 | — | $1,301,587 |
| ADMINISTRATIVE STAFF | Other Service Provider | $1,239,974 | — | $1,239,974 |
| LAZARD ASSET MANAGEMENT LLC | Other Service Provider | $1,173,040 | — | $1,173,040 |
| BARROW, HANLEY | Other Service Provider | $1,113,418 | — | $1,113,418 |
| LORD ABBETT & CO | Other Service Provider | $715,770 | — | $715,770 |
| CS CAPITAL MANAGEMENT INC | Other Service Provider | $606,819 | — | $606,819 |
| SEGAL MARCO ADVISORS | Other Service Provider | $398,908 | — | $398,908 |
| WITHUM SMITH & BROWN, PC | Auditor | $286,685 | — | $286,685 |
| STARQUEST TECHNOLOGIES INC | Other Service Provider | $261,670 | — | $261,670 |
| PRINCIPAL GLOBAL INVESTORS | Other Service Provider | $254,687 | — | $254,687 |
| PROTEK CONSULTING LLC | Other Service Provider | $254,140 | — | $254,140 |
| BLACKROCK FINANCIAL MGT | Other Service Provider | $238,835 | — | $238,835 |
| ADDISON GROUP | Other Service Provider | $203,541 | — | $203,541 |
| HORIZON ACTUARIAL SERVICES, LLC | Other Service Provider | $174,402 | — | $174,402 |
| NOVAK FRANCELLA, LLC | Auditor | $170,019 | — | $170,019 |
| AMALGAMATED BANK | Other Service Provider | $167,606 | — | $167,606 |
| MOSAIC | Other Service Provider | $167,078 | — | $167,078 |
| GLOBAL COMMERCE & INFORMATION, INC. | Other Service Provider | $147,151 | — | $147,151 |
| CANISOLUTIONS LLC | Other Service Provider | $140,400 | — | $140,400 |
| LEGACY PROFESSIONALS, LLP | Auditor | $135,403 | — | $135,403 |
| SEERTEK SYSTEMS, INC. | Other Service Provider | $133,952 | — | $133,952 |
| DIFEDE RAMSDELL BENDER | Other Service Provider | $132,571 | — | $132,571 |
| HOUSE HANOVER LLC | Other Service Provider | $100,000 | — | $100,000 |
| SOVOS | Other Service Provider | $77,429 | — | $77,429 |
| PARAMETRIC CLIFTON | Other Service Provider | $63,120 | — | $63,120 |
| ROCS GRAD STAFFING | Other Service Provider | $61,110 | — | $61,110 |
| TURN2PARTNERS LLC | Other Service Provider | $59,240 | — | $59,240 |
| PATHFINDERS, INC. | Other Service Provider | $54,310 | — | $54,310 |
| MADDIN HAUSER ROTH & HELLER PC | Other Service Provider | $53,415 | — | $53,415 |
| MRI SOFTWARE LLC | Other Service Provider | $52,756 | — | $52,756 |
| MILLER KAPLAN ARASE LLP | Auditor | $49,915 | — | $49,915 |
| KELLY PRESS | Other Service Provider | $49,567 | — | $49,567 |
| PINNACLE ECONOMICS | Other Service Provider | $44,400 | — | $44,400 |
| ZARIN & STEINMETZ | Other Service Provider | $42,328 | — | $42,328 |
| INVARIO NETWORK ENGINEERS | Other Service Provider | $38,204 | — | $38,204 |
| SHERMAN DUNN | Other Service Provider | $31,805 | — | $31,805 |
| EMPRISE TECHNOLOGIES, LLC | Other Service Provider | $30,225 | — | $30,225 |
| NIMBLE CONSULTING GROUP | Other Service Provider | $29,625 | — | $29,625 |
| SPARKS PERSONNEL SERVICE | Other Service Provider | $27,091 | — | $27,091 |
| GROSS, MENDELSOHN & ASSOCIATES, P.A | Other Service Provider | $26,493 | — | $26,493 |
| CHRIS WILLIAMS | Other Service Provider | $26,145 | — | $26,145 |
| COUNCIL OF INSTITUTIONAL INVESTORS | Other Service Provider | $26,000 | — | $26,000 |
| THE RETIREMENT PLAN COMPANY, LLC | Recordkeeper | $25,600 | — | $25,600 |
| JOAN KENDALL | Other Service Provider | $25,227 | — | $25,227 |
| OLYMPIA MOVING & STORAGE | Other Service Provider | $23,157 | — | $23,157 |
| EVESTMENT | Other Service Provider | $23,105 | — | $23,105 |
| THE SEVERN GROUP, INC. | Other Service Provider | $21,262 | — | $21,262 |
| SESI CONSULTING | Other Service Provider | $20,789 | — | $20,789 |
| BLAKE & UHLIG | Other Service Provider | $20,781 | — | $20,781 |
| UNION INSURANCE GROUP | Other Service Provider | — | $19,326 | $19,326 |
| CERTILMAN BALIN | Other Service Provider | $17,500 | — | $17,500 |
| LP ANALYST | Other Service Provider | $17,302 | — | $17,302 |
| GREEN KEY TEMP | Other Service Provider | $15,961 | — | $15,961 |
| CHERRY BEKAERT LLP | Other Service Provider | $13,768 | — | $13,768 |
| MCLAREN ENGINEERING GROUP | Other Service Provider | $11,884 | — | $11,884 |
| TEKSYSTEMS | Other Service Provider | $11,316 | — | $11,316 |
| KERBER, ECK & BRAECKEL | Auditor | $10,457 | — | $10,457 |
| PNC BANK N.A. | Other Service Provider | $10,449 | — | $10,449 |
| SCHULTHEIS & PANETTIERI LLP | Auditor | $9,973 | — | $9,973 |
| VILLAGE OF BRIARCLIFF MANOR | Other Service Provider | $9,148 | — | $9,148 |
| ERIK JOHANSON | Other Service Provider | $7,179 | — | $7,179 |
| DILIGENT CORPORATION | Other Service Provider | $7,012 | — | $7,012 |
| INSTITUTIONAL LIMITED PARTNERS ASSO | Other Service Provider | $6,500 | — | $6,500 |
| ADP | Other Service Provider | $6,227 | — | $6,227 |
| JLL VALUATION AND ADVISORY SERVICES | Other Service Provider | $5,750 | — | $5,750 |
| DE LAGE LANDEN FINANCIAL SERVICES | Other Service Provider | $5,338 | — | $5,338 |
| INSURANCE BUYERS COUNCIL INC | Other Service Provider | $5,083 | — | $5,083 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RBC GLOBAL ASSET MANAGEMENT — Recordkeeper
- THE UNION LABOR LIFE INSURANCE COMP — Recordkeeper
- WITHUM SMITH & BROWN, PC — Auditor
- NOVAK FRANCELLA, LLC — Auditor
- LEGACY PROFESSIONALS, LLP — Auditor
- MILLER KAPLAN ARASE LLP — Auditor
- THE RETIREMENT PLAN COMPANY, LLC — Recordkeeper
- KERBER, ECK & BRAECKEL — Auditor
- SCHULTHEIS & PANETTIERI LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,223,062
- Estimated Expense Ratio: 0.320% 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 | $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 |