Plan Snapshot
- Plan Sponsor: Board Of Trustees, Electrical Workers Ibew Local 163 Annuity Fund
- Sponsor EIN: 236544827
- Sponsor Address: IE SHAFFER CO., WEST TRENTON, NJ, 086280090
- Plan Type: DC
- Plan Number: 001
- Total Participants: 488
- Total Assets: $125.4M
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 | 488 | $125.4M | $9.8M | $0 |
| 2023 | 480 | $115.4M | $4.2M | $0 |
| 2022 | 413 | $97.9M | $3.7M | $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 |
|---|---|---|---|---|
| CAPTRUST | Investment Advisor | $63,572 | — | $63,572 |
| IE SHAFFER | Other Service Provider | $50,960 | — | $50,960 |
| JOHN HANCOCK RETIREMENT PLAN SERVIC | Recordkeeper | $36,515 | — | $36,515 |
| CALIBRE CPA GROUP, PLLC | Auditor | $23,403 | — | $23,403 |
| MEYER, UNKOVIC, & SCOTT LLP | ERISA Attorney | $19,734 | — | $19,734 |
| KANG HAGGERTY & FETBROYT LLC | Other Service Provider | $11,000 | — | $11,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CAPTRUST — Investment Advisor
- JOHN HANCOCK RETIREMENT PLAN SERVIC — Recordkeeper
- CALIBRE CPA GROUP, PLLC — Auditor
- MEYER, UNKOVIC, & SCOTT LLP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $205,184
- Estimated Expense Ratio: 0.164% 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 | $348,769 | $63,572 | $50,960 | $23,403 | — |
| 2023 | $356,729 | $54,789 | $57,980 | $22,702 | — |
| 2022 | $395,695 | $102,537 | $58,180 | — | $51,784 |