# Board Of Trustees Ibew Local 1049 DC Plan
Source: https://planprovider.pro/companies/board-of-trustees-ibew-local-1049-plan

> Board Of Trustees Ibew Local 1049's DC plan: 3,321 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/gould-kobrick-and-schlapp-pc) — 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|

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