Plan Snapshot
- Plan Sponsor: Board Of Trustees Ibew Local Union 163 Health And Welfare Fund
- Sponsor EIN: 236390518
- Sponsor Address: 830 BEAR TOWN ROAD, WEST TRENTON, NJ, 08628
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 311
- Total Assets: $17.3M
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 | 311 | $17.3M | $12.8M | $36,159 |
| 2023 | 299 | $12.6M | $5.6M | $41,717 |
| 2022 | 304 | $10.5M | $6.3M | $40,435 |
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 |
|---|---|---|---|---|
| AETNA LIFE INSURANCE COMPANY | Other Service Provider | $140,625 | — | $140,625 |
| HORTON (MARSH MCLENNAN) | Investment Advisor | $72,250 | — | $72,250 |
| IE SHAFFER | Other Service Provider | $44,063 | — | $44,063 |
| CALIBRE CPA GROUP, PLLC | Auditor | $32,384 | — | $32,384 |
| MARINER INSTITUTIONAL, LLC | Other Service Provider | $25,000 | — | $25,000 |
| MEYER UNKOVIC & SCOTT LLP | ERISA Attorney | $23,239 | — | $23,239 |
| LOGAN, METTLEY & NEWCOMER, PLC | Other Service Provider | $12,970 | — | $12,970 |
| KANG HAGGERTY & FETBROYT LLC | Other Service Provider | $11,000 | — | $11,000 |
| DELTA DENTAL | Other Service Provider | $7,723 | — | $7,723 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HORTON (MARSH MCLENNAN) — Investment Advisor
- CALIBRE CPA GROUP, PLLC — 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: $369,254
- Estimated Expense Ratio: 2.139% 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 | $6,382,697 | $25,000 | $44,063 | $32,384 | — |
| 2023 | $324,403 | $29,074 | $47,917 | $26,999 | — |
| 2022 | $299,256 | $27,427 | $47,588 | — | $133,667 |