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Original filing (PDF)20251013155320NAL0001557681001
BOARD OF TRUSTEES OF NECA-IBEW LU 584 PROFIT SHARING PLAN
Form 5500
FILING_RECEIVED
NECA IBEW LOCAL UNION NO 584 PROFIT SHARING PLAN
401(k) retirement plan
Signals · 3
27% in single holding~146 bps in Sched C fees7 service providers
Active participants
1,224
Accounts w/ balance
1,250
Plan assets (EOY)
$33.4M
Net assets (EOY)
$33.4M
How this plan invests
This plan
14 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
88
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
86
Total plan cost
65
Vendor stack
100
Participation health
100
Knocking points off
- Top holding "Vanguard 500 Idx Admiral" is 27% of plan.
- 146 bps in Schedule C fees — 402% above peer band of 29 bps.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOARD OF TRUSTEES OF NECA-IBEW LU 584 PROFIT SHARING PLAN.
Plan sponsor
Name
BOARD OF TRUSTEES OF NECA-IBEW LU 584 PROFIT SHARING PLAN
EIN
73-1407442
Address
2425 N CENTRAL EXPY STE 120 · RICHARDSON, TX · 750802714
Phone
(469) 423-6100
Industry
Electrical Contractors· Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
003
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-13
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2H · Partial participant-directed accounts
2J · 401(k) feature
2T · Default investment account (QDIA)
Audit & trust (Schedule H)
Auditor
ACCOUNTING SOLUTIONS GROUP LLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
7 rowsRecordkeeper
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | 06-1050034 | — | RECORD KEEPER | $107K | — |
| EMPOWER ANNUITY INSURANCE COMPANY | — | — | RECORDKEEPER | $107K | — |
Advisor / Consultant
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| NECA IBEW LOCAL 584 | 73-1407442 | — | INVESTMENT ADVISORY | $185K | — |
| RBC WEALTH MANAGEMENT | 41-1416330 | — | INVESTMENT MANAGER | $47K | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| SOUTHWEST BENEFIT ADMINISTRATORS | 86-0785790 | — | CONTRACT ADMINISTRATOR | $30K | — |
Accountant / Auditor
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| ACCOUNTING SOLUTIONS GROUP LLC | 81-2274769 | — | AUDITOR | $11K | — |
Legal counsel
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| CONNER & WINTERS LLC | 73-1438856 | — | PLAN ATTORNEY | — | — |
Investments
14 direct securities· $32.4M(97% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Vanguard 500 Idx Admiral | — | — | $5.0M | $8.8M | 26.2% | |
| Group Annuity Contract * PRIAC Guaranteed Income Fund | — | — | $4.4M | $4.4M | 13.1% | |
| Vanguard Mid Cap Index Fd | — | — | $2.7M | $4.2M | 12.5% | |
| TIAA Lifecy Idx 2050 I | — | — | $2.3M | $3.0M | 8.9% | |
| TIAA Lifecy Idx 2040 I | — | — | $2.0M | $2.4M | 7.3% | |
| TIAA Lifecy Idx 2030 I | — | — | $1.8M | $2.1M | 6.2% | |
| PIMCO StocksPlus International | — | — | $1.9M | $2.0M | 6.1% | |
| TIAA Lifecy Idx Ret Inc I | — | — | $1.2M | $1.3M | 3.8% | |
| AM Fnd Bnd Fd ofAmer R6 | — | — | $1.3M | $1.3M | 3.8% | |
| TIAA Lifecy Idx 2060 I | — | — | $992K | $1.2M | 3.6% | |
| Vanguard Sm Cap Index Admiral Fd | — | — | $996K | $1.1M | 3.2% | |
| TIAA Lifecy Idx 2020 I | — | — | $521K | $534K | 1.6% | |
| Participant Loans 3.75% - 8.75% | — | — | $183K | $183K | 0.5% | |
| Vanguard Wellesley Inc Inv | — | — | $82K | $79K | 0.2% |