# Board Of Trustees Ibew Local 56 Employees Deferred Savings Plan DC Plan
Source: https://planprovider.pro/companies/board-of-trustees-ibew-local-56-employees-deferred-savings-plan-251409929-002

> Board Of Trustees Ibew Local 56 Employees Deferred Savings Plan's DC plan: 326 participants, plan year 2024 financials, providers, and benchmarks from Form 5…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/diclaudio-and-kramer-llc) — Auditor

- [MEYER, UNKOVIC, & SCOTT, LLP](https://planprovider.pro/provider/meyer-unkovic-and-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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/board-of-trustees-ibew-local-56-employees-deferred-savings-plan-251409929-002)

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