Plan Snapshot
- Plan Sponsor: Board Of Trustees Ibew Local 1049
- Sponsor EIN: 113051862
- Sponsor Address: 100 CORPORATE DRIVE, HOLTSVILLE, NY, 11742
- Plan Type: DC
- Total Participants: 3,321
- Total Assets: $349.2M
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. |
|---|---|---|---|---|
| 2024 | 3,321 | $349.2M | $28.1M | $1.8M |
| 2023 | 3,215 | $308.1M | $26.2M | $1.6M |
| 2022 | 3,061 | $260.6M | $25.7M | $1.7M |
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 |
|---|---|---|---|---|
| IBEW LOCAL 1049 HEALTH & WELFARE FD | RELATED BENEFIT PLAN | $172,751 | — | $172,751 |
| FIRST FINANCIAL SERVICES | NONE | $165,285 | — | $165,285 |
| HOLM & OHARA, LLP | UNION ATTORNEY | $30,955 | — | $30,955 |
| GOULD, KOBRICK, & SCHLAPP, P.C. | UNION ACCOUNTANT | $19,500 | — | $19,500 |
| KOBGO ASSOCIATES, INC | NONE | $11,574 | — | $11,574 |
| SYNTONIC SYSTEMS, INC. | NONE | $7,800 | — | $7,800 |
| STEPHEN FRIEDMAN | NONE | $6,000 | — | $6,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GOULD, KOBRICK, & SCHLAPP, P.C. — UNION ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $413,865
- Estimated Expense Ratio: 0.119% 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 | $464,397 | $165,285 | — | $19,500 | — |
| 2023 | $380,967 | $141,393 | — | $18,822 | — |
| 2022 | $343,353 | $125,840 | — | — | $67,228 |