Plan Snapshot
- Plan Sponsor: Board Of Trustees Ibew Local 43 And Electrical Contractors
- Sponsor EIN: 516052602
- Sponsor Address: P.O. BOX 2218, SYRACUSE, NY, 132202218
- Plan Type: DC
- Plan Number: 001
- Total Participants: 1,640
- Total Assets: $248.8M
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 | 1,640 | $248.8M | $12.6M | $0 |
| 2023 | 1,614 | $221.4M | $11.1M | $0 |
| 2022 | 1,646 | $194.5M | $10.3M | $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 |
|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INSURANCE CO | Recordkeeper | $541,211 | — | $541,211 |
| IBEW LOCAL 43 ANNUITY FUND | Other Service Provider | $465,954 | — | $465,954 |
| BLITMAN & KING | Other Service Provider | $42,332 | — | $42,332 |
| BONADIO & CO., LLP | Auditor | $34,250 | — | $34,250 |
| JOSEPH W. MCCARTHY AND ASSOCIATES | Other Service Provider | $30,627 | — | $30,627 |
| PINNACLE INVESTMENTS, INC. | Other Service Provider | $30,000 | — | $30,000 |
| MARCO CONSULTING GROUP | Other Service Provider | $28,000 | — | $28,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BONADIO & CO., LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,172,374
- Estimated Expense Ratio: 0.471% 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 | $481,717 | $568,611 | — | $34,250 | — |
| 2023 | $304,950 | $260,198 | — | $43,830 | — |
| 2022 | $411,778 | $387,183 | — | — | $84,602 |