Plan Snapshot
- Plan Sponsor: Board Of Trustees Ibew Local 56 Employees Deferred Savings Plan
- Sponsor EIN: 251409929
- Sponsor Address: PO BOX 10037, ERIE, PA, 16514
- Plan Type: DC
- Plan Number: 002
- Total Participants: 326
- Total Assets: $53.5M
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 | 326 | $53.5M | $2.1M | $0 |
| 2023 | 306 | $49.4M | $1.9M | $0 |
| 2022 | 298 | $42.3M | $2.0M | $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 |
|---|---|---|---|---|
| VANGUARD | Other Service Provider | $20,224 | — | $20,224 |
| MARINER INSTITUTIONAL, LLC | Other Service Provider | $19,510 | — | $19,510 |
| DICLAUDIO & KRAMER, LLC | Auditor | $12,138 | — | $12,138 |
| MEYER, UNKOVIC, & SCOTT, LLP | ERISA Attorney | $6,992 | — | $6,992 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DICLAUDIO & KRAMER, LLC — 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: $58,864
- Estimated Expense Ratio: 0.110% 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 | $112,249 | $19,510 | — | $12,138 | — |
| 2023 | $103,482 | $19,119 | — | $12,035 | — |
| 2022 | $95,961 | $16,935 | — | — | $37,372 |