# Board Of Trustees Ibew Local 56 Pension Plan DB Plan
Source: https://planprovider.pro/companies/board-of-trustees-ibew-local-56-pension-plan-256149244-001

> Board Of Trustees Ibew Local 56 Pension Plan's DB plan: 225 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 56 Pension Plan

- **Sponsor EIN:** 256149244

- **Sponsor Address:** PO BOX 10037, ERIE, PA, 16514

- **Plan Type:** DB

- **Plan Number:** 001

- **Total Participants:** 225

- **Total Assets:** $71.9M

## 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|225|$71.9M|$2.9M|$0|

| 2023|228|$69.0M|$2.7M|$0|

| 2022|209|$65.2M|$2.6M|$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|

| MANNING AND NAPIER, INC.|Other Service Provider|$173,987|—|$173,987|

| NEWTOWER TRUST COMPANY|Other Service Provider|$53,064|—|$53,064|

| FEDERATED EQUITY|Other Service Provider|$44,514|—|$44,514|

| MARINER INSTITUTIONAL, LLC|Other Service Provider|$35,800|—|$35,800|

| USI CONSULTING GROUP|Other Service Provider|$30,990|—|$30,990|

| PNC BANK ASSOCIATION|Other Service Provider|$21,956|—|$21,956|

| DICLAUDIO & KRAMER, LLC|Auditor|$16,138|—|$16,138|

| MEYER, UNKOVIC & SCOTT|ERISA Attorney|$8,785|—|$8,785|

### 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](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:** $385,234

- **Estimated Expense Ratio:** 0.536% 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|$476,295|$307,364|—|$16,138|—|

| 2023|$440,248|$284,208|—|$16,035|—|

| 2022|$425,868|$315,971|—|—|$40,638|

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