# Board Of Trustees, Ibew Local 234 Health And Welfare Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-ibew-local-234-health-and-welfare-946250011-501

> Board Of Trustees, Ibew Local 234 Health And Welfare's Health & Welfare plan: 266 participants, plan year 2024 financials, providers, and benchmarks from For…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Board Of Trustees, Ibew Local 234 Health And Welfare

- **Sponsor EIN:** 946250011

- **Sponsor Address:** 6293 SAN IGNACIO AVE, SAN JOSE, CA, 95119

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 266

- **Total Assets:** $12.1M

## 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|266|$12.1M|$6.1M|$274,997|

| 2023|274|$13.3M|$5.4M|$262,230|

| 2022|296|$12.9M|$6.9M|$266,665|

## 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|

| SAV-RX|Other Service Provider|$433,292|—|$433,292|

| BENESYS ADMINISTRATORS|Other Service Provider|$185,683|—|$185,683|

| WEX HEALTH INC.|ERISA Attorney|—|$114,958|$114,958|

| EMPLOYEE 01|Recordkeeper|$98,848|—|$98,848|

| ANTHEM BLUE CROSS LIFE & HEALTH|Other Service Provider|$87,841|—|$87,841|

| RAEL & LETSON|Other Service Provider|$56,292|—|$56,292|

| MILLER KAPLAN ARASE LLP|Auditor|$34,587|—|$34,587|

| MAMMINI COMPANY, INC|Other Service Provider|$24,325|—|$24,325|

| NEYHART, ANDERSON, FLYNN & GROSBOLL|Other Service Provider|$16,293|—|$16,293|

| SMART SOURCE|Other Service Provider|$5,093|—|$5,093|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [WEX HEALTH INC.](https://planprovider.pro/provider/dla-piper) — ERISA Attorney

- [EMPLOYEE 01](https://planprovider.pro/provider/employee-fiduciary) — Recordkeeper

- [MILLER KAPLAN ARASE LLP](https://planprovider.pro/provider/miller-kaplan-arase-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $1,057,212

- **Estimated Expense Ratio:** 8.768% 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|$485,400|$24,325|$191,507|$12,000|—|

| 2023|$502,499|$10,666|$183,113|$12,850|—|

| 2022|$459,423|—|$182,319|—|$152,224|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/board-of-trustees-ibew-local-234-health-and-welfare-946250011-501)

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